Japan’s top companies are gearing up to offer their biggest wage increases in decades, but there’s no way Hideki Kawada can afford raises for the 18 employees at his printing firm. | AFP
That’s bad news for both Kishida and the central bank, which wants to wind down years of stimulus. The lack of broad wage growth illustrates Japan’s struggle to escape a deflationary spiral that has forced households and businesses to scrimp instead of spend.
“The companies that can hold out and offer lower prices, even temporarily, get the work,” he said. “Everyone’s losing money, so it’s just a case of enduring as long as you can until the other guys go out of business.” Small and mid-size firms account for 99 percent of the companies in Japan and almost 70 percent of employment, according to a 2016 government survey, the latest available.
“Their biggest worry is that customers will shift to another supplier. They feel they have no choice but to put up with impossible demands from big companies.”
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Scientists unearth megaraptors, feathered dinosaur fossils in Chile’s PatagoniaScientists in Chile’s Patagonia region are unearthing the southernmost dinosaur fossils recorded outside Antarctica, including remains of megaraptors that would have dominated the area’s food chain before their mass extinction. | Reuters
Baca lebih lajut »
Romania extradites suspected Hell’s Angels leader to US on drug chargesRomania has extradited the suspected leader of the country’s Hell’s Angels chapter to the United States to face charges of drug trafficking, money laundering, and complicity in attempted murder, police said on Monday. | Reuters
Baca lebih lajut »
Asia shares slip ahead of expected weak China economic dataAsia shares mostly slipped on Tuesday ahead of Beijing’s expected release of weak fourth-quarter economic data, although investor sentiment about China’s rebound remained positive even as the global economy edges closer to recession. | Reuters
Baca lebih lajut »
Alcoseba, Remolino lead Talisay’s charge in NAGT race in SubicCEBU CITY, Philippines -- Go For Gold-Talisay Luigi Triathlon Group&039;s (TLTG) vaunted triathletes Raven Faith Alcoseba and Andrew Kim Remolino will test their mettle against the country&039;s
Baca lebih lajut »
Indonesia says magnitude 7 quake off Sulawesi, residents flee buildingsJAKARTA -- A powerful earthquake with a 7.0 magnitude struck off Indonesia&039;s North Sulawesi province on Wednesday, the country&039;s geophysics agency said, adding that there was no
Baca lebih lajut »
China’s Lunar New Year travel offers spark of economic rebound from COVID crunchUrban workers crowded train stations across China’s largest cities on Tuesday as the country’s mass migration for Lunar New Year holidays hit high gear, an early sign of economic recovery as officials confirmed a historic plunge due to COVID-19 curbs.
Baca lebih lajut »