The survey, conducted by Nikkei Research from Oct. 23 to Nov. 1, found 42 percent of the companies polled are considering wage hikes of 3 percent to 5 percent for the year starting April 2025, while 9 percent deemed an increase in the range of 5 percent to 7 percent possible.
TOKYO ― Slightly more than half of Japan ese firms are looking to raise wages by 3 percent or more for the next business year, a Reuters survey showed, but a majority of companies balked at Prime Minister Shigeru Ishiba's quest to hike minimum pay by over 40 percent in five years.About 41 percent said their wage increases will likely be in the range of 1 percent to 3 percent. The survey reached 505 companies, with 240 responding.
'Raising wages when earnings are poor would lead to a bigger loss and firing of employees. In the end, that wouldn't be so good for workers,' an official at an electronics manufacturer said.Asked about Ishiba's pledge to raise Japan's hourly minimum wage to 1,500 yen in five years, nearly two-thirds of respondents said it was an unrealistic target.
Of Japan Firms Target Wage Hike Of 3% Or More For 2025
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