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Japan wage growth gathers steam as reluctant retailers raise pay

Japan's biggest business lobby, Keidanren, and trade unions began annual labor talks, likely leading to significant wage increases this year.
Large firms are expected to offer wage hikes of 4.74% on average in 2025, according to a poll by Japan Centre for Economic Research.
Rengo, Japan's largest union, seeks wage hikes of at least 5% in 2025 and 6% for smaller firms to reduce income disparities.
Keidanren chief Masakazu Tokura emphasized the importance of higher wages for employees at small and medium-sized firms, which employ a significant portion of the workforce.

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Japan Today

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Japan wage growth gathers steam as reluctant retailers raise pay

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読売新聞オンライン

Japan Kicks off Spring Wage Talks, Smaller Firms in Focus

TOKYO (Reuters) - Japan’s biggest business lobby Keidanren and trade unions kicked off annual labor talks on Wednesday that are likely to lead to another year of bumper wage hikes, though policymakers will be mainly focused on how far the momentum spreads to smaller firms.

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New Strait Times

Japan kicks off spring wage talks, smaller firms in focus

TOKYO: Japan's biggest business lobby Keidanren and trade unions kicked off annual labour talks on Wednesday that are likely to lead to another year of bumper wage hikes, though policymakers will be mainly focused on how far the momentum spreads to smaller firms. © New Straits Times Press (M) Bhd

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