These data, which also provide insights on wage outcomes for jobs where pay is set according to individual arrangements, also show that the share of jobs getting wage rises in the 2–3 per cent mark has risen noticeably.
However, a key point in this context is that if the shift to overseas production occurs gradually, this will allow domestic workers to transfer to other growing sectors of the economy, and therefore maintain employment levels in Japan; on the other hand, if the shift to overseas production takes place rapidly as a result of the appreciation of the yen or other factors, it will lead to a decline in domestic employment and thus be detrimental to the economy.