Labour union to demand for pay hikes

Rengo plans to call for companies to raise wages by “at least 5%” in the annual wage negotiations starting next year, according to broadcaster NHK. — Reuters

TOKYO: Japan’s largest labour union federation is set to demand higher pay increases for next year, potentially providing the key element needed for the central bank to move toward policy normalisation.

Rengo, the country’s biggest trade union federation, plans to call for companies to raise wages by “at least 5%” in the annual wage negotiations starting next year, according to broadcaster NHK.