Japan’s labor unions confirm three-decade-high wage hikes of 3.8%

TOKYO  – Japan’s major companies have agreed at their annual labor talks with average wage hikes of 3.8 percent for the coming fiscal year, the largest raise in about three decades, trade union confederation Rengo said on Friday. The preliminary survey of 805 unions affiliated with Rengo showed the average hike rate of 11,844 yen … Continue reading Japan’s labor unions confirm three-decade-high wage hikes of 3.8%