ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Japan's top labor group shoots for 5% wage hike, biggest in 28 years

Rengo leader says 2023 negotiations need to take inflation into account

Worker compensation has only grown 4% over a decade while corporate retained earnings swelled 80%.   © Reuters

TOKYO -- Japan's largest labor organization will seek the biggest pay raise for union members in nearly three decades next year, the group said Thursday, as the country feels the bite of inflation.

The Japanese Trade Union Confederation, known as Rengo, seeks an increase of about 5%, which represents a rise of about 3% in base pay along with a seniority-linked bump of roughly 2%. Rengo's unions represent about 7 million members.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more