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

20221020N Japan factory worker REUTERS

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

YUI NAKAMURA, Nikkei staff writer

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.

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