JAPAN BEGINS SPRING WAGE NEGOTIATIONS WITH EXPECTATION TO SLOW DOWN PAY INCREASES

Highlights –

• Japan begins spring wage negotiations with expectations to slow down pay increases.
• The Japanese Trade Union Confederations are expected to demand a pay hike.
• However, the Keidanren mentioned that pay hikes across the board to be unrealistic.
• Keidanren has asked companies with good earnings to consider raising their base pay.

Japan’s ....