Monday, September 29, 2014

Japanese blue chip companies lift wages for the first time since the GFC

Japanese currency Copyright Peter Hanami 2005
Picture: Japanese currency 




"Led by cash -rich car makers, dozens of Japanese blue-chip companies said this week they would raise base salaries for the first time since the GFC began...companies like Toyota and Hitachi announced higher wages"



Source: Japanese blue chip firms to lift wages
By Eric Pfanner and Takashi Nakamichi
The Wall Street Journal
The Australian Newspaper
Friday March 2014, p20