Japan's largest trade union, Rengo, said that workers at the country's biggest firms are set for the sharpest wage spike in more than three decades. Bank of Japan Governor Kazuo Ueda has repeatedly said the outcome of this year's wage negotiations will influence the central bank's decision...
In Japan, annual negotiations between trade unions andcorporationsonwageincreases. Traditionally, shunto began in March each year. Over time, wage increases during shunto became almost automatic. Shunto has become less common since the 1990s with the weakening of unions in the wake of theAsian fi...