Japan Inc strives to lure skilled workers as inflation, labour crunch bite ...Middle East

Devdiscourse - Opinion
Japan Inc strives to lure skilled workers as inflation, labour crunch bite
source : Devdiscourse ( Middle East ) () 31
From inflation allowances to the reskilling of workers, firms in Japan are stepping up efforts to help employees fight rising prices and a labour crunch, even though some cannot afford pay hikes that do more than offset cost-push inflation. As annual "shunto" labour talks get into full swing, momentum from both labour and management is growing for firms to offer such hikes to cushion, even if not beat, consumer inflation, which hit a 41-year high of 4% in December.

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