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.
