> The hefty pay hike comes amid calls by Prime Minister Fumio Kishida for Japanese companies to pay workers more as inflation takes hold in an economy used to years of deflation and stagnant wages, and as Japan prepares for its annual spring round of labour negotiations.
> "It's important for our long-term growth to secure our workforce," Nintendo President Shuntaro Furukawa told an earnings briefing.
> For companies that can afford to do so, higher salaries may also help them attract talent as a falling birth rate and low immigration leave Japan with serious labour shortages.
https://www.reuters.com/technology/nintendo-trims-annual-pro...
Basically, hiring is harder in Japan, companies are adjusting in order to attract talent. In the US, companies made the mistake of hiring too much, and doesn't suffer from the same problem, so different solution needed.