Big Japan firms cut wage hikes as Abenomics falters
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
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.
Share with us your feedback on BT's products and services
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts
