TOKYO :Japanese companies logged their biggest wage hikes in three decades this year, the nation’s largest labour union group said.
The final tally of annual labour talk results showed Japanese companies have agreed to raise pay by 5.25 per cent this year, the biggest pay hike in 34 years, the 7 million member-strong group Rengo said on Thursday.
The robust wage growth follows an average increase of 5.10 per cent last year and 3.58 per cent the year before, suggesting that solid salary growth is becoming the new norm in a country where wages were stagnant for decades.
