A number of Japan’s biggest corporations – including Toyota Motor Corporation and Hitachi Ltd – say they had agreed fully to the requested increases from unions.
has been one casualty of years of sputtering growth in the world’s third largest economy since the late 1990s, leaving Japanese salaries well behind the Organisation for Economic Co-operation and Development average.to the highest in four decades, prompting Kishida to beat the drum for better pay.this year was the highest in about 30 years, according to the Keidanren business lobby, which did not give a more exact figure.
“Given the surge in prices, employee expectations were running higher than most years,” Hitachi vice president Kenichi Tanaka told a briefing.This year’s talks marked the first time that all of Japan’s major automakers had fully accepted union demands, Akihiro Kaneko, the president of an umbrella group of automaker unions, said.But for workers at smaller companies – which make up almost 70% of Japan’s workforce – the outlook was less rosy.
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