TOKYO -- Business executives and labor union leaders across Japan kicked off negotiations to set wages for the new fiscal year, with continued inflation and strong corporate earnings raising hopes for the largest pay hike in three decades.
Big companies vow major hikes, but small businesses are hesitant
Spring wage negotiations have started, with policymakers and union leaders hoping wage increases continue this year. (Photo by Nanami Sato)
TOKYO -- Business executives and labor union leaders across Japan kicked off negotiations to set wages for the new fiscal year, with continued inflation and strong corporate earnings raising hopes for the largest pay hike in three decades.