ILEA000045986: Keidanren chief asks firms to raise wages to fight deflation

Japan's real wages shrink for 23rd straight month

STORY: Japan's real wages shrink for 23rd straight month SHOOTING TIME: file DATELINE: April 9, 2024 LENGTH: 00:00:41 LOCATION: Tokyo CATEGORY: ECONOMY SHOTLIST: 1. various of street views in Tokyo 2. various of supermarkets in Tokyo 3. various of street views in Tokyo STORYLINE: Japan's average monthly wages in inflation-adjusted terms logged the 23rd straight month of decline in February as price increases continued to outpace nominal earnings growth, official data showed on Monday. Inflation-adjusted real wages, a barometer of consumer purchasing power, fell 1.3 percent from the same month last year, according to the Ministry of Health, Labor and Welfare. Nominal monthly earnings, including base pay and overtime, rose 1.8 percent from a year ago to reach 282,265 yen (about 1,859.8 U.S. dollars). Regular pay including basic salary in February went up 2.0 percent year on year, while overtime pay, a gauge of business activity, went down 1.0 percent. Meanwhile, the consumer price index exclu

CHINA-BEIJING-LI QIANG-JAPANESE BUSINESS DELEGATION-MEETING (CN)

(240125) -- BEIJING, Jan. 25, 2024 (Xinhua) -- Chinese Premier Li Qiang meets with a Japanese business delegation visiting China, led by Chairman of the Japan Business Federation Masakazu Tokura, Chairman of the Japan-China Economic Association Kosei Shindo, and Chairman of the Japan Chamber of Commerce and Industry Ken Kobayashi, at the Great Hall of the People in Beijing, capital of China, Jan. 25, 2024. (Xinhua/Yao Dawei)

Japan's corporate bankruptcies up 35 pct in 2023

STORY: Japan's corporate bankruptcies up 35 pct in 2023 SHOOTING TIME: Earlier footage DATELINE: Jan. 17, 2024 LENGTH: 0:01:31 LOCATION: Tokyo CATEGORY: ECONOMY SHOTLIST: 1. various of cities in Japan STORYLINE: The number of company bankruptcies in Japan increased by 35 percent in 2023 compared to the previous year due to rising prices and labor costs, a local credit research company has reported. According to a survey conducted by Tokyo Shoko Research Ltd., the number of bankrupt companies in Japan with debts exceeding 10 million yen (about 68,189 U.S. dollars) reached 8,690 in 2023. The total debt of bankrupt companies exceeded 24.026 trillion yen. Small and medium-sized enterprises with fewer employees constitute the majority of bankruptcies, according to the report, noting that the number of companies with debts below 100 million yen accounted for 74.7 percent of the total number of bankruptcies. Companies with debts exceeding 1 billion yen increased by 24 percent compared to the previous

Business leaders confident about Chinese economy

STORY: Business leaders confident about Chinese economy SHOOTING DATE: Jan. 15/16, 2024 DATELINE: Jan. 18, 2024 LENGTH: 00:01:18 LOCATION: DAVOS, Switzerland CATEGORY: ECONOMY SHOTLIST: 1. various of Davos 2. SOUNDBITE 1 (English): ZHU MIN, Vice-Chairman, China Center for International Economic Exchanges (CCIEE) 3. SOUNDBITE 2 (English): BORGE BRENDE, World Economic Forum (WEF) President 4. SOUNDBITE 3 (English): BELEN GARIJO, Chair of the Executive Board and Chief Executive Officer, Merck KGaA 5. SOUNDBITE 4 (English): JOE NGAI, Chairman of McKinsey & Company in Greater China STORYLINE: Although the global economy is facing sluggish growth and challenges, business leaders attending the annual meeting of the World Economic Forum (WEF) in Davos, Switzerland, remain confident over the prospects of the Chinese economy. SOUNDBITE 1 (English): ZHU MIN, Vice-Chairman, China Center for International Economic Exchanges (CCIEE) "I think the growth is 5.2 percent. It's not too bad. It showed the resilience of the C

Chinese, European firms see closer cooperation

STORY: Chinese, European firms see closer cooperation DATELINE: Sept. 26, 2023 LENGTH: 00:03:03 LOCATION: Beijing CATEGORY: ECONOMY SHOTLIST: 1. various of China 2. various of Chinese business delegations 3. various of the establishment ceremony of Airbus' aircraft lifecycle service facility in Chengdu 4. various of construction of Airbus' aircraft lifecycle service facility in Chengdu 4. SOUNDBITE 1 (English): GEORGE XU, CEO of Airbus China 5. various of Volkswagen AG and Merck Group 6. SOUNDBITE 2 (German): OLIVER BLUME, Chairman of board of management of Volkswagen AG 7. SOUNDBITE 3 (English): BELEN GARIJO, Chair of the Executive Board and CEO of Merck Group STORYLINE: Chinese and European companies have been sharing more developing opportunities. Many Chinese companies have partaken in trade delegations organized by Chinese provinces and cities heading to Europe and engaged in constructive interactions with all parties while sharing new development chances. An example of this is the partnership betwe

Reception held in Tokyo to mark 50th anniversary of normalization of China-Japan diplomatic ties

STORY: Reception held in Tokyo to mark 50th anniversary of normalization of China-Japan diplomatic ties DATELINE: Sept. 30, 2022 LENGTH: 00:02:12 LOCATION: Tokyo CATEGORY: POLITICS SHOTLIST: 1. various of the commemorative event 2. various of Masakazu Tokura, head of Keidanren 3. various of Kong Xuanyou, Chinese Ambassador to Japan 4. various of Yoshimasa Hayashi, Japanese Foreign Minister 5. various of Yasuo Fukuda, Former Japanese Prime Minister 6. various of Toshihiro Nikai, Former secretary general of Japan's ruling Liberal Democratic Party STORYLINE: A commemorative event marking the 50th anniversary of the normalization of China-Japan diplomatic relations has been held in Tokyo. Chinese Ambassador to Japan Kong Xuanyou and Japanese Foreign Minister Yoshimasa Hayashi delivered speeches at the reception hosted by the Japan Business Federation, also known as Keidanren, on Thursday. Masakazu Tokura, head of Keidanren, said at the reception that stable and constructive diplomatic relations between Japan

JAPAN-TOKYO-CHINA-DIPLOMATIC TIES-50TH ANNIVERSARY

(220913) -- TOKYO, Sept. 13, 2022 (Xinhua) -- Masakazu Tokura, the head of the Japan Business Federation known as Keidanren, speaks at a seminar commemorating the 50th anniversary of the normalization of China-Japan diplomatic relations in Tokyo, Japan, Sept. 12, 2022. (Xinhua/Zhang Xiaoyu)

Nissan to take 34% stake in Mitsubishi Motors

YOKOHAMA, May 12 Kyodo - Nissan Motor Co. President and Chief Executive Officer Carlos Ghosn (L) and Mitsubishi Motors Corp. Chairman Osamu Masuko shake hands following a press conference in Yokohama on May 12, 2016. The two companies said that Nissan will take a 34 percent stake in Mitsubishi Motors for 237 billion yen in a deal putting Mitsubishi Motors, stung by a fuel economy cheating scandal, under the wing of Japan's second-largest automaker.

World squash body seeks to make game Tokyo Olympics event

World Squash Federation President Narayana Ramachandran (L) of India and Japan Squash Association President Kazuya Kasahara tell the press in Tokyo on Jan. 20, 2015, they want to see the sport added to a list of events at the 2020 Tokyo Olympics. (Kyodo) ==Kyodo

Keidanren to allow pay scale hikes by member firms for 2nd year

Koji Miyahara, vice chairman of Japan's leading business lobby known as Keidanren, addresses the press in Tokyo on Jan. 20, 2015, with a copy of a report that will be used as guidance for corporate executives in wage negotiations starting later in the month. The group said it will support pay scale hikes by member companies in the annual wage talks, adopting such a policy for the second straight year. (Kyodo) ==Kyodo

Keidanren chief asks firms to raise wages to fight deflation

Japan Business Federation Chairman Sadayuki Sakakibara addresses at a meeting of labor and management of major companies on Jan. 26, 2015, in Tokyo. He called on the management to raise wages to fight deflation. (Kyodo) ==Kyodo

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