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Japan's unions are demanding the biggest wage hike in 25 years - BOJ and yen implications
The Japanese Trade Union Confederation (JTUC, more commonly known as Rengo) says its survey of 2000+ unions in the country shows an average pay rise request of 4.49% this year. This is the highest since 1998's 4.36% and is much higher than the 2.97% sought in 2022.
Japan's "shunto" spring wage talks are held each March, where larger firms meet with unions for wage talks. Agreements reached at these wage talks influence wages at smaller firms.
The Bank of Japan is encouraging hig... Read More
Posted: Mar 4 2023, 19:52
Author Name: forexlive
Views: 102557