- Enterprise federation feeling immense stress over wage hikes
- Need to dedicate vitality to wage hikes together with small corporations far more than final yr
- Mustn’t make wage hike as solely one-off occasion
Tokura is talking extra in order to not upset the stability of the order within the system. Giant-scale wage hikes have been one thing to not be anticipated in Japanese working tradition. So, if the federal government and BOJ is pressuring companies after which not following by by normalising coverage, it could create a little bit of a mishmash for enterprise and employee expectations.
This text was written by Justin Low at www.forexlive.com.
