Japan prime minister, Fumio Kishida, remarks on wage pressures
- Wants wage hikes of 3% or more at next spring labour talks
Japan typically has a period every year (called shuntō) where wage negotiations take place between unions and employers, usually around February and March, but it has been a while since anything meaningful has taken place.
That is evident by the constant deflationary pressures weighing on the Japanese economy throughout the years and despite Kishida's remarks above, I don't think we'll see things being much different come next spring.
