It is the first time in 32 years for the average wage hike request to exceed 6%, amid the soaring cost of living and labor shortages. As of Monday, the average was ¥19,244, up ¥1,638 from the ...

Nippon Steel Corp., for example, promised more than what its labor union called for on March 13, when many large companies put their offers on the table during the “shunto” spring labor offensive.

Rengo (Japanese Trade Union Confederation), Japan’s largest labor organization, decided to seek an overall wage increase of around 5 percent during next year’s “shunto” spring wage ...