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View All NewsJapanese firms agree to record wage increase, union says
23 March 2024
Japanese labor union group Rengo confirmed that firms in the country have agreed to a pay rise of 5.25% this year, Reuters reported. That is the largest rise under comparable data since 2013. Results of the negotiations are announced in stages with blue-chip firms the first to finish with talks. Further results will be released on 4 April and 18 April. Analysts had expected a pay rise of around 4%.