Japan is likely to see the sharpest wage hikes in 33 years following "shunto" negotiations that prompted the country's central bank to raise interest rates for the first time in 17 years on hopes ...

According to Rengo’s calculations, as a result of the 2024 shunto, the average wage increase for regular employees was 5.10 percent including regular wage hikes, the highest in 33 years.

The bulk of the "shunto" talks concluded Wednesday, with many large Japanese companies such as automakers Honda Motor, Nissan Motor, and electronics producer Panasonic acceding to their unionized ...

Keidanren (Japan Business Federation) released the first tally for the “shunto” spring wage negotiations. The 5.58 percent, which included regular salary increases and base increases ...