Nearly 90 pct of Japan Firms Raise Wages in 2018

Economy Politics

Tokyo, Nov. 27 (Jiji Press)--Nearly 90 pct of Japanese companies raised wages in 2018, a labor ministry survey showed Tuesday.

According to the survey, the proportion of companies that carried out pay increases, including pay scale hikes, stood at 89.7 pct, up from 87.8 pct marked in the previous year, hitting a record high since comparable data became available in 1999.

The size of pay hikes per person came to a record 5,675 yen per month, up from 5,627 yen.

Of companies with regular pay raise systems, 29.8 pct gave pay scale hikes to rank-and-file employees, up from 26.8 pct, and 24.2 pct did so for workers in managerial positions, up from 22.9 pct.

As for reasons for wage increases, the share of firms citing "earnings" fell from 55.0 pct to 50.4 pct while that of companies answering "maintaining employment" jumped from 3.9 pct to 7.0 pct.

[Copyright The Jiji Press, Ltd.]

Jiji Press