Only about 16% of workers are unionized, and most are concentrated in large companies, which can afford to raise wages. But as inflation hits all companies, workers in small and medium enterprises may have to face these price increases with less generous pay hikes.
Japan 's unions have managed to negotiate for its highest wage increases in over 30 years, but not all its workers benefit. Only about 16% of workers are unionized, and most are concentrated in large companies, which can afford to raise wages. But as inflation hits all companies, workers in small and medium enterprises may have to face these price increases with less generous pay hikes.
Japan is likely to see the sharpest wage hikes in 33 years following "shunto" negotiations that prompted the country's central bank toBut will the "shunto" hikes really work for its legions of salarymen?However, headline inflation, which has been above the Bank of Japan's 2% target since April 2022, hits the entire population.Richard Kaye, portfolio manager at asset management group Comgest told CNBC in an interview last month that it was"important to bear in mind that the shunto only captures a fraction of Japanese workers, it does not reflect the overall inflation picture of Japa
Japan Unions Wage Increases Workers Inflation Small And Medium Enterprises
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