Japan Bank CEOs paid a fraction of global rivals

Wage debate: Kihara was paid 146 million yen (RM4.7mil). The salaries of bankers in Japan are dwarfed by those in the United States and other major markets. — Bloomberg

TOKYO: The chief executive officers of Japan’s deal-hungry megabanks are earning a fraction of their global peers, showing how the nation still frowns upon outsized pay packages even with profits forecast near a record.

Mitsubishi UFJ Financial Group Inc CEO Hironori Kamezawa’s total compensation was 257 million yen (US$1.8mil or RM8.4mil) for the year ended in March, including stock awards, according to a filing by Japan’s largest bank.