• Honda decided on a monthly pay increase of 2,200 yen this year
  • First base pay upgrade in six years
  • For bonus payments, management will grant workers’ requests for 5.9 times monthly pay

With Kuroda and friends trying to herd the inflation rate higher there have been concerns that wages would not keep up, so making the chase to beat deflation that much more difficult. While this isn’t the holy grail, it’s a start (maybe).