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The Japan Business Federation, the country's most powerful business lobby, urges its member companies to offer larger pay hikes than last year, effectively demanding wage increases of at least 4 percent amid inflation. ....
A total of 62.1 percent of companies in Japan have raised or plan to raise base pay in fiscal 2023, up sharply from 38.7 percent the previous year as they seek to secure talent and match rising prices, a Finance Ministry survey showed. ....
Japan s biggest labor organization on Dec. 2 decided to call for a 4 percent pay hike in annual wage negotiations early next year to help fairly redistribute wealth, a goal also sought by the country s prime minister. ....