Many major Japanese companies have agreed in full to unions' pay hike demands in this year's shunto negotiations. Close attention is on whether this momentum will spread to small companies, which employ about 70% of Japan's workers.
According to The Japan Times, many major Japanese companies have fully agreed to pay hike demands from unions during this year's shunto wage negotiations. Companies mentioned include Toyota, Hitachi, Mitsubishi Electric, NEC, Fujitsu, Mitsubishi Heavy Industries, Kawasaki Heavy Industries, and IHI. This development has built momentum for wage increases in the Japanese economy. The article notes close attention on whether this will extend to small companies, which employ about 70% of all workers in Japan.
