Japan’s largest industrial union says wage hikes won are bigger than last year

Japan’s largest industrial union UA Zensen:

  • 25 sub-sector unions so far win full response from management to
    their demand
  • Full-time workers so
    far win wage hikes of 6.7% including base pay rise of 5.15%, bigger
    than last year

Some indications of wage hikes that have been achieved for some workers. The question is how far such hikes will extend throughout the workforce, and how the BOJ will view these as contributing to stable and sustained inflation. Which is a lot of questions.

This article was written by Eamonn Sheridan at www.forexlive.com. Source