Nintendo has announced that they plan to raise rages by approximately 10% in the wake of Prime Minister Fumio Kishida’s urge for companies to do so.
Inflation is currently at an unsettling high in Japan, which has some companies in Japan struggling to hold on to talent.
After Kishida called for the wage increases companies like Nintendo answered the call, so did UNIQLO parent company Fast Retailing which raised wages by roughly 40%.
In their recent quarterly report, the gaming company diminished their expectations for growth and lowered their annual sales targets for both software and the Switch hardware.
Though part of the reason might be the company’s current success, after all it’s harder to go up when you’re already successful.
Sales of the latest Pokemon game recently topped 20 million, and the Switch has beat out the PS4’s lifetime sales.
The global economy might be tough, but Nintendo and Japan are making the most of it by adjusting targets and supporting staff when they can.