Japan’s annual springtime ‘shunto’ wage negotiations between employers and union have resulted in salary increases for the third year in a row in the country’s large companies, but also in the medium sized and small businesses. As compared with previous years the larger industrial names have raised wages only modestly against a global economic backdrop that since the start of the year is increasingly sluggish.
On Wednesday 20 April, and following a long period of negotiations, Rengo, the Japanese Confederation of Trade Unions announced that the ‘shunto’ 2016 wage rise would be on average 1,478 Yen (€12) per month. This deal was secured after the nation’s large businesses announced their 2016 budget policies and represents about a 40% fall as compared with the 2015 negotiation round, and this despite repeated calls by Prime Minister Shinzo Abe to big business to help reverse deflationary pressures in
…Do you have information to share with us?