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quote of the day

It’s essential this year for the momentum of wage hikes to steadily spread to prompt structural wage increases at small and midsize companies.


Masakazu Tokura , chairman of the Japan Business Federation (Keidanren), reiterating the organizatiomn's commitment to achieving wage raises that outpace inflation in this year’s spring wage talks.

© Jiji Press

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How about it, Japan?

Seen evidence of "momentum of wage hikes" yet so far this spring?

I ask, since noting with concern yesterday that December's inflation-adjusted real wages actually contracted for a 21st consecutive month. While average cash earnings reportedly came in at a disappointing one percent YoY from December 2023.

1 ( +5 / -4 )

We'll see about that. One thing that is predictable about Japan is that things rarely change much.

1 ( +4 / -3 )

Now let's guess what he means by "structural wage increases."

2 ( +3 / -1 )

I'll believe it when I see it.

0 ( +2 / -2 )

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