Japan’s Shunto negotiations yield 5.28% pay rise, a 33-Year High

Japan’s annual labor negotiations, known colloquially as “Shunto” or the “spring wage offensive,” have culminated in a remarkable outcome this year, with major firms agreeing to a pay increase of 5.28%—the highest in 33 years. This significant hike, announced by the country’s largest trade union group Rengo, surpasses the previous year’s increase of 3.80%. With […]

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