The requested article has expired, and is no longer available. Any related articles, and user comments are shown below.
© 2013 AFPJapan's auto giants to give workers a bonus boost
TOKYO©2024 GPlusMedia Inc.
The requested article has expired, and is no longer available. Any related articles, and user comments are shown below.
© 2013 AFP
14 Comments
Login to comment
SauloJpn
I hope these are the first effects of a long economic progress.
rickyvee
i hope all companies do this. i wouldn't mind getting bigger bonuses this year!
keika1628
It makes sense to have money moving rather than stagnant . We could all do with a bit extra but it may take another year before we see new money in our pockets.
Upgrayedd
What was the base salary for Hitachi in 2002 and 2013?
And you guys are amazing. I can't wait to see what negativity you guys can come up with once the news starts rolling in about major Japanese companies posting record profits, deflation finally dies, and the economy grows at +3%...
jeff198527
Americans in general haven't had a pay raise since the 1970s and most people I know are working minimum wage jobs regardless of whether they went to college or not.
jeff198527
The yen is below 100, which has never happened before. So the average Japanese has gotten an income boost over the past few years.
bruinfan
Well it was the older (especially over 60) crowd that welcomed the LDP and Abe into power.
Yubaru
So whose bed is Abe sleeping in tonight? Let me know so I can buy some of their stock.
jeff198527
Printing money doesn't solve anything and no other nation in history has had a deflationary period like Japan. I believe that Japan has either been putting out fake statistics in order to prevent another bubble or they somehow made their economy static, meaning it doesn't grow or shrink much either way.
Ogiwara Oxana
It's stupid! After 2011 many Japanese companies have loss.
nath
The pay rises still make the base salary less than they were in 2002, for Hitachi, and 2006, for Fuji, when both companies began implementing pay cuts.
waltery
So the value of the Yen went down 10 to 20 % and SOME workers got 3% rise, sounds fair
nath
35% of the Japanese workforce are on yearly contracts, where they don't get a bonus, so the increase in bonuses, without a pay rise, will mean absolutely nothing to them except less disposable cash because of a rise in the cost of living (weaker Yen) and increased taxation.
Over 50% of people under 35 are on yearly contracts.
The short term result will be more base salary deflation as domestic manufacturers compete for a shrinking domestic market. forget the foreign export hope. It doesn't matter how cheap the Yen gets, the world's consumers are not suddenly going to throw away their Apple I phone or Samasung Galaxy. Another long term result is the continued decline in the birthrate because of a number of factors (less marriage and couples having more than one child)
Abe and his policies are idiotic.
some14some
meaning? No pay hike by Japanese Auto Giants.