Nomura Holdings Inc. will raise salaries for staff at its Japanese brokerage for a third year.
Base pay for about 3,700 employees at the Nomura Securities Co. unit will climb an average 2 percent starting in April, Kenji Yamashita, a spokesman for the Tokyo-based firm, said Monday by phone. The increase targets younger workers in an effort to contribute to Japan¡¯s economic growth, the firm said in a statement.
Prime Minister Shinzo Abe has been urging companies to boost salaries in a bid to spur spending and defeat deflation. Nomura¡¯s move brings total pay increases to eligible employees to 6.8 percent over three years, according to the statement by the nation¡¯s biggest brokerage.
The pay rise averages about ?6,000 a month and will cost the company ?260 million, Yamashita said. Graduates who start in April will get ?240,000 a month, up from ?232,300 received by the previous year¡¯s new employees, he added.
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