Tag - Japanese firms commit to higher wages

Japanese firms commit to higher wages

TOKYO — Several large Japanese firms have indicated they are positive about raising employee wages amid Japan’s brightening economic prospects. Executives at these companies made direct or indirect pledges for higher salaries at a New Year’s gathering for key Japanese business groups on Tuesday. Chairman and CEO of Hitachi Hiroaki Nakanishi said Hitachi would actively consider increasing wages for employees based on the belief that “wages will help raise morale.” Panasonic’s chairman Shusaku Nagae spoke in a similar vein, saying, “When performance [...]