SUBSCRIBERS
Big Japan firms cut wage hikes as Abenomics falters
Published Wed, Mar 16, 2016 · 09:50 PM
Tokyo
JAPAN'S major companies are giving lower wage increases next fiscal year as Prime Minister Shinzo Abe's efforts to boost the economy falter.
Toyota Motor Corp agreed to increase monthly base salaries 1,500 yen (S$18) in the year beginning April, according to a statement from the company on Wednesday. That compares with a 4,000 yen hike this fiscal year.
Panasonic Corp and Hitachi Ltd ha…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Ecuador president declares state of emergency over energy crisis
US Senate has agreement on Fisa reauthorisation, will vote on Friday night, Schumer says
US expects to finalise new Aukus trade exemptions in next 120 days
IMF concerned about debt, fiscal challenges facing low-income countries
Bank of Japan’s Ueda says ‘very likely’ to hike rates if inflation keeps rising
Colombian fund managers eye US$750 million fee bonanza after senators tweak pension bill