Info via Japan Times:

  • the proportion of companies planning to raise their pay-scales stood at 70.7%, up by 6.3 percentage points from the previous year
  • Companies at which pay-scale hikes and regular pay increases will total 5% or more came to 36.5%, nearly doubling from the previous year.

Such a result will give the Bank of Japan some encouragement. However:

  • 50.2% of small and medium-sized firms said that they had been unable to pass on rising labor costs in their product and service prices

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The survey was conducted from March to this month, receiving answers from around 1,100 companies throughout Japan.

There is more detail at that link to the piece above.

japan