Report Cover
Headline
In addition to the absence of hikes in base pay since the late 1990s, firms also started cutting seniority hikes in the late 1980s, i.e. even during the prosperous bubble era.
Abstract
There is a lot of crowing in the Japanese press about wages rising in Japan because Toyota Motor Co. and some other big firms offered the biggest wage hikes in years, partly due to pressure from the Abe administration.