Akihiko Matsuura, president of UA Zensen, second left, raises his fist with members of the union during a rally for the annual wage negotiations in Tokyo, Japan, on Thursday, March 7, 2024. Kiyoshi Ota | Bloomberg | Getty Images Japan's largest federation of trade union, Rengo, on Friday...
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...