TOKYO -- Japan's largest employers announced bullish pay increases on Wednesday amid rising inflationary pressures on households, while the Bank of Japan continued watching the market for signs to raise interest rates.
Every spring, unions and management participate in discussions known as shunto to establish monthly salaries before Japan's fiscal year begins in April. According to the Japan Council of Metalworkers' Unions (JCM), an alliance of unions in the manufacturing industry, most of the member organizations achieved a raise nearly as large as the previous year.
%E3%82%B9%E3%83%9E%E3%82%A4%E3%83%AB%E3%82%82%E5%AE%89%E3%81%84%E3%83%8B%E3%83%83%E3%83%9B%E3%82%9A%E3%83%B3_R%E7%94%BB%E5%83%8F_1920_640.jpg?width=178&fit=cover&gravity=faces&dpr=2&quality=medium&source=nar-cms&format=auto&height=100)
