Daiwa to Raise Salary Levels by About 5% Across Group
- Compensation hike is fourth consecutive annual pay rise
- Japanese companies are raising wages amid rising living costs
The Daiwa Securities Group Inc. headquarters in Tokyo.
Photographer: Akio Kon/BloombergThis article is for subscribers only.
Daiwa Securities Group will increase its employees’ pay by around 5%, its fourth consecutive annual pay hike, the latest example of Japanese companies hiking wages amid rising living costs.
The Tokyo-based brokerage will raise the salary matrix across all job positions, including at subsidiaries, it said in a statement Wednesday. The hike equates to a cumulative total of more than 20% over the past four years.