Japan's largest union seeks biggest wage hike in 3 decades in 2025

BOJ will look for broad pay rises as it moves away from ultralow interest rates

20250306 Rengo

Members of the Japanese Trade Union Confederation, commonly known as Rengo, raise their fists in Tokyo, in April 2023. © Reuters

TOKYO (Reuters) - Japan's largest labor union group Rengo said on Thursday its member unions are seeking an average wage hike of 6.09% for this year, outpacing last year's demand, which resulted in the highest wage increase in three decades.

The demand could mean another year of sizeable wage increases in Japan's annual labor-management talks, which Prime Minister Shigeru Ishiba sees as key to the world's fourth-largest economy.

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