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Japan Inc not keen on call for 3 pct wage hikes; many keen to boost internal controls


Reuters

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 taken steps

Yes, plan to take steps

No particular plan

Polled

Replied

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 without U.S.

'RCEP' East-Asia trade deal

'FTAAP' Asia-Pacific free trade deal

Bilateral trade pacts with U.S., EU and other countries

Polled

Replied

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 participation

Boosting trade liberalisation rate

Expanding procurement by state-owned enterprises

Strengthening rules on intellectual property

Adoption of investor-state dispute settlement (ISDS) rules

Others

Polled

Replied

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 the question

Polled

Replied

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




This article appears in: Stocks , Politics


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