Japan to name and shame firms refusing pay hikes
Published on Mar 13, 2014 7:38 PM
TOKYO (AFP) - Japan's trade ministry said on Thursday it would take the unprecedented step of disclosing the names of firms that did not raise employees' wages in annual labour talks, after calls by the prime minister to boost pay.
The surprising move comes days after economy minister Akira Amari raised the stakes in sensitive pay negotiations with an apparent threat to take action against "uncooperative" firms.
The usually low-key talks were being closely watched to see if cash-rich firms would put more money in workers' pockets, amid worries about a looming sales tax hike slamming the brakes on growth.
The government "will react in some way" against firms which are "uncooperative with our policy of creating a virtuous economic cycle," Mr Amari told reporters on Tuesday.
To continue reading, log in if you are a subscriber
If you are not a subscriber, you can get instant, unlimited access here