Japan's small firms hold out for Abenomics trickle down

February 26, 2015 6:56 AM

5 0

Japan's small firms hold out for Abenomics trickle down

TOKYO (Reuters) - Japan Inc is under pressure to boost pay to keep a fragile economic recovery afloat, but even hefty wages increases from the biggest companies may prove to be a hollow victory for Prime Minister Shinzo Abe and the bulk of the country's workers.

As the annual "shunto" Spring wage bargaining season begins, the pay prospects for employees of blue-chips such as Toyota look better than they have for more than a decade, thanks to Abe's push for higher wages that will boost consumer spending.

Also read: Korea's President Might Be Impeached and its Markets Are Surging

Read more

To category page

Loading...