Japanese Software Maker Promises Workers Inflation Relief Pay

Technology

Cybozu Inc., a Japanese provider of enterprise software, will pay out a special allowance to employees around the world to help them deal with sustained inflation.

Rapid price rises in countries where Cybozu operates, including Japan, the US and Australia, have been severe enough to make annual salary increases insufficient, the company said on Wednesday. Employees will receive a special lump sum payment, which will be anywhere from about $440 to $1,100 in Japan and adjusted for locality elsewhere.