Indicators
Japan Union Group Calls for Continued Wage Growth of 5% or More
- Wage gains could hold key for PM Ishiba, BOJ’s rate hike path
- Rengo seeks same target for next year’s pay talks as in 2024
Real wages have fallen back into negative territory after two months of gains.
Photographer: Shoko Takayasu/BloombergThis article is for subscribers only.
Japan’s largest labor union federation aims to secure wage increases averaging at least 5% in next year’s pay negotiations, in a bid to maintain momentum after major gains this year.
A year ago the annual process began with the same goal, with the final tally for 2024 ultimately showing gains of 5.1%, the biggest increase for the group’s workers in 33 years.