Japan s Unions Amplify Wage Hike Calls as Negotiations Kick off bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
A Japanese union representing
small manufacturers announced on Tuesday a demand for a record
monthly pay increase of 12,000 yen , or 4% of base pay, for
2024, officials said. The demand. -November 21, 2023 at 06:15 am EST
- MarketScreener
Many small suppliers in Japan have received requests for price cuts from their clients despite rises in raw materials and other prices, according to a survey by a major labor group.
TOKYO (Reuters) - As Japan faces its first major battle with inflation in decades, Prime Minister Fumio Kishida is extending a rare olive branch to labour unions, who he sees as crucial to his wider push to boost household wealth.
The focus of this year's labor-management talks, which went into full swing this week, is how far income distribution being pushed by Prime Minister Fumio Kishida can be realized.