Spring Labor Negotiations' Wage Increase Demand at 5.94%, Down 0.15 Points from Last Year
Japan's labor union federation, Rengo, reported an average wage increase demand of 5.94% for this year's spring labor negotiations, marking a slight decrease from last year.
Spring Struggle: Heads of the Japan Chamber of Commerce and RENGO Meet to Agree on Wage Increases and Appropriate Price Pass-Through
Leaders from the Japan Chamber of Commerce and RENGO agreed on the importance of appropriate price pass-through to achieve sustainable wage increases that exceed inflation in this year's spring labor negotiations.