TOKYO -- Workers at Japan's small and midsize manufacturers won wage increases averaging 4.12% this year, the highest ever, as the ripple effect of wage hikes topping 5% at large companies nationwide spreads to smaller ones.
Labor unions win record increases, as focus turns to sustaining raises
Japan's small and midsize manufacturers face pressure to raise wages even if business performance is poor. © Reuters
TOKYO -- Workers at Japan's small and midsize manufacturers won wage increases averaging 4.12% this year, the highest ever, as the ripple effect of wage hikes topping 5% at large companies nationwide spreads to smaller ones.