Companies Plan Biggest Wage Hikes in 30 Years
16:49 JST, May 20, 2023
TOKYO (Jiji Press)—Monthly wage hikes major Japanese companies have so far agreed in this year’s shunto spring wage talks with labor unions reached the highest level in at least 30 years, the Japan Business Federation said Friday.
The hikes averaged 3.91%, or ¥13,110, for unionized workers at 92 companies in 15 industrial sectors, according to the initial tally released by the business lobby, also known as Keidanren. Keidanren officials said the average rate last reached such a high level in 1993, when the rate stood at 3.83%, or ¥10,759.
"Business" POPULAR ARTICLE
-
Japan, U.S., Philippines to Strengthen Nickel Supply Chains; Reduce Reliance on China for Critical Minerals
-
Shinkansen to Have Private Rooms by FY 2026, JR Tokai Announces
-
Survey: 80% Worried About Recognizing AI as Patent Inventor; Respondents Fear Increase in Unverified Inventions
-
Japan’s Docomo To Sell Contactless Smart Rings; Users Can Make Payments at the Wave of a Hand
-
Japan Top Currency Diplomat: No Comment on Exchange Rate Fluctuations
JN ACCESS RANKING
- China Mutes Memorialization of Reformer Hu Yaobang; Memories Could Spark Critique of Xi Administration
- Shinkansen Services Suspended After Man ‘Searches for Phone’ on Tracks; Disruption Affects About 14,000 Passengers
- U.S. 7th Fleet officer Arrested on Suspicion of Stealing Sushi, Sashimi, Chicken at Kanagawa Shopping Mall; Suspect Caught Mid-Meal
- UNRWA Director Describes Catastrophic Destruction in Gaza; Says Relief Trucks Robbed, ‘People’s Hearts Destroyed’
- JAL Airplane Experiences Radio Malfunction During Flight, Lands Safely By Relying on Light Signals