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Wage Increases of Approximately 5% Expected at Major Japanese Firms in 2025

share-iconTuesday, January 07 comment-icon2 weeks ago 7 views
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reutersREUTERS
Wage Increases of Approximately 5% Expected at Major Japanese Firms in 2025

Credited from: REUTERS

  • Japanese firms are anticipated to raise wages by about 5% on average in 2025, similar to the increase from the previous year.
  • The chair of Keizai Doyukai, Takeshi Niinami, emphasized the need for extending wage growth to smaller firms.
  • Prime Minister Shigeru Ishiba considers robust wage hikes essential for supporting the economic recovery.
  • Despite a strong overall wage increase in 2024, only 10% of smaller firms plan to implement wage hikes of 5% or more according to a JCCI survey.
  • Executives from top companies express optimism for future wage growth, indicating plans for increases exceeding 5%.

For more details, visit the original article at Reuters.


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