Nomura Securities to raise entry-level wages; Daiwa may increase all salaries by 2%

Tokyo

JAPAN'S Nomura Securities said on Monday it will lift wages for entry-level workers from April, answering a call by Prime Minister Shinzo Abe for companies to boost pay to help the economy recover from recession.

Smaller rival Daiwa Securities also said it is considering an across-the-board wage hike of about 2 per cent for all employees, excluding management, applicable from the new financial year starting in April.