TOKYO : Japan's trade unions are demanding the biggest wage hike in 25 years at their spring pay negotiations, a national labour tally showed on Friday, as the government and central bank urge firms to raise workers' wages to support the economy.A survey of more than 2,000 unions nationwide showed an aver
TOKYO : Japan's trade unions are demanding the biggest wage hike in 25 years at their spring pay negotiations, a national labour tally showed on Friday, as the government and central bank urge firms to raise workers' wages to support the economy.
Workers in the world's third-largest economy have been emboldened by policymakers' calls for wage hikes to sustain a frail post-pandemic economic recovery threatened by a four-decade-high inflation. The JTUC preliminary survey showed the average union demand during this year's annual labour talks, called"shunto" in Japanese, was much larger than 2022's 2.97 per cent.
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