Japan Inc not keen on call for 3 pct wage hikes; many keen to boost internal controls
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Japan Inc not keen on call for 3 pct wage hikes; many keen to boost internal controls
TOKYO, Dec 8 (Reuters) - Two-thirds of Japanese firms think Prime Minister Shinzo Abe's target for raising wages by 3
percent is a tall order, with some calling it "out of the question", a Reuters poll found.
The Corporate Survey also showed that almost half of Japanese companies have either taken steps to strengthen internal
controls or are planning to in the wake of a series of compliance and data fabrication scandals.
Below are the questions and answers from the poll conducted Nov. 21 to Dec. 4 for Reuters by Nikkei Research. Answers are
denoted in percentage points, while poll and reply totals represent the number of respondents.

1a. Are you worried that recent scandals involving data falsification and improper inspections at major Japanese firms will
hurt the brand image of Japanese products? (Pick one)
Sectors Yes, greatly Yes, to a degree Not really Not at all Polled Replied
All 28 61 10 0 547 243
Manufacturers 29 63 8 0 268 124
Non-Manufacturers 27 60 13 1 279 119
1b. In response to the recent scandals, have you implemented or do you plan to implement steps to strengthen internal controls
on quality and services? (Pick one)
Sectors Yes, have Yes, plan to No particular Polled Replied
taken steps take steps plan
All 19 25 55 547 240
Manufacturers 21 27 52 268 124
Non-Manufacturers 17 24 59 279 116
2a. Do you have high expectations from a broad agreement reached by 11 members of the Trans-Pacific Partnership (TPP) excluding
the United States? (Pick one)
Sectors Considerably To a degree Not really Not at all Polled Replied
All 4 51 41 3 547 239
Manufacturers 5 54 37 4 268 123
Non-Manufacturers 3 49 46 3 279 116
2b. What kind of trade framework should Japan pursue given the difficulties of implementing the Trans-Pacific Partnership (TPP)
with U.S. participation? (Pick one)
Sectors TPP deal 'RCEP' 'FTAAP' Bilateral trade Polled Replied
without East-Asia Asia-Pacific pacts with U.S., EU
U.S. trade deal free trade and other countries
deal
All 37 11 27 25 547 228
Manufacturers 36 13 27 24 268 116
Non-Manufacturers 38 10 27 25 279 112
2c. What do you want the government to push for the most in the TPP 11 agreement (Pick one)
Sectors U.S Boosting trade Expanding Strengthening Adoption of Others Polled Replied
participation liberalisation procurement by rules on investor-state
rate state-owned intellectual dispute settlement
enterprises property (ISDS) rules
All 50 21 5 15 6 2 547 230
Manufacturers 43 21 5 21 6 4 268 117
Non-Manufacturers 58 20 5 10 6 0 279 113
3a. Abe's government is urging Japanese firms to hike wages by 3 percent and is looking at much greater tax breaks to encourage
companies to hike wages. Do you think a 3 percent pay hike is a realistic target? (Pick one)
Sectors Yes, absolutely Yes, to a degree Not really Totally out of Polled Replied
the question
All 5 26 61 7 547 235
Manufacturers 4 28 59 9 268 120
Non-Manufacturers 6 25 63 5 279 115
3b. Are you using the preferential tax scheme currently available for companies that have raised wages by 2 percent or more?
Sectors Yes No Polled Replied
All 19 81 547 234
Manufacturers 14 86 268 120
Non-Manufacturers 24 76 279 114
3c. Will you use the preferential tax scheme if it gives much greater tax breaks to companies that raise wages by 3 percent or
more?
Sectors Yes No Polled Replied
All 49 51 547 227
Manufacturers 50 50 268 115
Non-Manufacturers 48 52 279 112

(Reporting by Tetsushi Kajimoto and Izumi Nakagawa Editing by Edwina Gibbs)


2017-12-08 01:00:05


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