TOKYO -- Major Japanese manufacturers like Hitachi and Panasonic Holdings largely met the wage demands of their unions in annual spring labor negotiations, but whether this pay spike signals broader growth to come remains an open question.
Economy
Top Japanese manufacturers agree to big wage hikes amid inflation
But higher prices seen offsetting gains in low-paying industrialized economy
Workers at an affiliate of Mitsubishi Heavy Industries in Okayama prefecture, in western Japan. (Photo obtained by Nikkei)
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