Japan Fair Trade Commission is on fire!
Seven recommendations for violations of the #Subcontract Act in two and a half months!

So far in the year 2020, there have been 4 cases, in 2021, 4 cases, in 2022, 6 cases, in 2023, 11 cases, and in 2024, in two and a half months, they have already recommended 7 cases of violation of the Subcontract Act. (Act against Delay in Payment of Subcontract Proceeds, Etc. to Subcontractors)

At this pace, there will be 33 to 34 recommendations for violations of the Act per year, which is an exceptional situation.

List of Recommendations for Violations of the Act by Japan Fair Trade Commission
Up to March 15, 2024

(March 15, 2024)
Recommendations, etc. to Big Motor Co. and BM Hanaten Co.
(March 12, 2024)
Recommendation to Costco Wholesale Japan K.K.
(March 7, 2024)
Recommendation to Nissan Motor Co.
(February 28, 2024)
Recommendation to Sanden Corporation
(February 21, 2024)
Recommendation to Dio Logistics Co.
(February 15, 2024)
Recommendation to Oji Nepia Co.
(January 23, 2024)
Recommendation to Metaltech Corporation

The fact that the government is proceeding with so many recommendations all at once should be seen as an indication of a willful emphasis on compliance with the Act.

The government offices do not suddenly increase the number of their employees by several times.

If the number of people involved is about the same as last year, and they are issuing recommendations for violations of the Act at a pace eight times or three times that of last year there should be a strong will.



What is their will?

It is the will that "black companies that make profits by abusing subcontractors must leave! “
That is the will.

What has happened to the Japanese society where many companies have profited over the years by emphasizing cost and efficiency, reducing labor costs and treating non-regular workers with cold shoulder, by shifting the burden to the subcontractors?

It is 30 years of deflation.

This year's Spring Wage Negotiations finally brought the first significant base increase and wage hike in 33 years.

This is a good trend to end deflation.

The sudden increase in recommendations for violations of the Act is a message from the administration that "we will not allow the cost increases resulting from base increases and wage increases at listed companies to be absorbed by subcontractors and non-regular employees who are not regular employees.”

In other words, the message is that "companies should stop their habit of securing profits by simply cutting costs and devise ways to improve sales and to generate profits by creating value.

Ladies and gentlemen, we have just hit the highest stock price in Japan's history,
For a further economic boom
Invest as much as you can,
Create value,
Make a lot of money,
Raise your salaries ❣️

And then
Money flows to the people
It's a virtuous circle
Business performance will go up. ❣️

Then
More investment
More value is created
More and more money is made
Salaries go up. ❣️

I think the old people who said "money comes and goes" understood macroeconomics very well 😃.