Japan's service-sector firms, represented by the country's largest industrial union UA Zensen, have agreed to the most significant wage increases since 2013, with 231 firms offering an average pay rise reaching a record level. Finance Minister Suzuki highlighted a strong trend of wage hikes currently underway, supported by statements indicating a robust wage growth across the nation. The Japanese unions have successfully negotiated over a 5% wage hike, with preliminary figures showing an average increase of 5.28% for fiscal 2024, marking the largest pay rise in more than 30 years and a 33-year high. This development is seen as a positive move towards enhancing the living standards of workers and is a reflection of the country's economic policies aimed at stimulating domestic consumption and combating deflationary pressures. Prime Minister Kishida also noted that wage increases are flowing strongly, underscoring the government's support for this upward trend in workers' compensation.
WATCH: Japan’s top union grouping said firms had agreed to average wage increases of 5.28% for 2024, the highest in 33 years https://t.co/youaufa8fd https://t.co/6j3kaLayUk
Japan’s top union grouping said firms had agreed to average wage increases of 5.28% for 2024, the highest in 33 years https://t.co/yZL0AKNAEy https://t.co/JajUFP05TW
WATCH: Japan's biggest companies agreed to hike wages by 5.28% for 2024, the highest in 33 years, the country's largest union group said https://t.co/youaufa8fd https://t.co/hBcHmGOBum
Japan's biggest companies agreed to hike wages by 5.28% for 2024, the highest in 33 years, the country's largest union group said https://t.co/yZL0AKNAEy https://t.co/0muSjEtDth
Japan firms offer 5.28% wage hike, biggest in over 30 yrs: survey https://t.co/PyXsRIzcX4
Japan's largest union group announces record wage increases for company workers https://t.co/5PyyZCkm50 https://t.co/maqynO9pOJ
This year’s spring wage negotiations involving major Japanese firms have seen robust pay increases, with the preliminary figure for the average hike standing at a 33-year high of 5.28%, according to Japan’s largest labor organization. https://t.co/oztwUf1MTP
🔴 JAPAN'S PM KISHIDA: WAGE INCREASES ARE FLOWING STRONGLY.
🔴 JAPAN'S FY2024 PAY INCREASES LARGEST IN MORE THAN 30 YEARS.
Japan's Rengo: Annual Wage Hikes Hit 5.28% Vs 3.80% A Year Ago - Base Pay To Rise 3.70% Vs Initial 2.33% Last Year - Japan's FY 2024 Pay Increases Largest In More Than 30 Years
🔴 JAPAN'S RENGO: ANNUAL WAGE HIKES HIT 5.28% VS 3.80% A YEAR AGO.
🔴 JAPAN'S LARGEST TRADE UNION GROUP RENGO: PRELIMINARY DATA SHOWS AVERAGE WAGE HIKE OF 5.28% FOR FISCAL 2024.
🔴 JAPANESE UNIONS WIN AN OVER 5% WAGE HIKE - KYODO.
JAPAN FINMIN SUZUKI: STRONG TREND OF WAGE HIKES TAKING PLACE NOW
🔴 JAPAN'S FINANCE MINISTER SUZUKI NOTES STRONG TREND OF WAGE HIKES UNDERWAY
Japan's service-sector firms offer biggest pay rise since 2013, union says https://t.co/TYee9ZHs7L https://t.co/m0x3kjJohg
⚠️ JAPAN'S SERVICE-SECTOR FIRMS OFFER BIGGEST PAY RISE SINCE 2013, UNION SAYS Full Story → https://t.co/bsrFeKx5so Japan's largest industrial union UA Zensen said on Thursday that an average pay rise offered by 231 firms reached the biggest on record since 2013.
🔴 JAPAN'S PM KISHIDA: LOTS OF FIRMS REPORTED BIG INCREASES IN WAGE HIKES.
🔴 JAPANESE WORKERS SECURE BIGGEST PAY RISE IN THREE DECADES - FT. https://t.co/V0MFOyztxM