Over 90% of Japan companies agree to base pay hikes in 2024: survey

Inflation and labor shortages drive highest boost in wages since bubble years

20240529N Takenaka Osaka

Construction companies, like Takenaka, were among those implementing major pay hikes for 2024. (Photo by Kosaku Mimura)

RYOSUKE MATSUI, Nikkei staff writer

May 30, 2024 01:36 JST

TOKYO -- A record percentage of Japanese companies raised their base pay this year amid inflation and a persistent labor shortage, a Nikkei survey has found.

Read Next

Japanese companies boost wages in departure from 'lost decades'

Business trends

Japanese companies boost wages in departure from 'lost decades'

Japan's unions win biggest wage hike since 1991 in 'stage change'

Japan's unions win biggest wage hike since 1991 in 'stage change'

Japan's small regional companies vie to raise pay amid labor shortage

Japan's small regional companies vie to raise pay amid labor shortage

Japanese companies navigate workplace revolution as job hunters get choosier

Japanese companies navigate workplace revolution as job hunters get choosier

Japan is running out of people on sidelines of job market

Japan is running out of people on sidelines of job market

Latest on Work

South Korea grapples with growing number of idle young adults

South Korea grapples with growing number of idle young adults

Taiwan steps up support for growing foreign workforce

Taiwan steps up support for growing foreign workforce

Taxi operator to train Indian truck drivers to work in Japan

Taxi operator to train Indian truck drivers to work in Japan

Sponsored Content