(Update) Shunto Wage Hikes Hit 34-Year High: Rengo

   Tokyo, July 3 (Jiji Press)--Wage increases achieved during this year's "shunto" spring wage negotiations were the most impressive in 34 years, according to the final results of a survey by the Japanese Trade Union Confederation, or Rengo, released Thursday.
   The weighted average wage hike was 5.25 pct, or 16,356 yen per month, up by 0.15 percentage point, or 1,075 yen, from last year and marking the highest figure since 5.66 pct in 1991.
   Among small and midsize company unions with fewer than 300 members, the average increase was 4.65 pct, or 12,361 yen, up by 0.20 point, or 1,003 yen.
   Pay increases appeared to be spreading from large companies to small and midsize businesses, which are responsible for 70 pct of jobs in the country. This trend was especially evident in the manufacturing, services and hotel industries.
   While the average increase among companies of all sizes met Rengo's target of 5 pct or more, the average among small and midsize firms fell short of its target of 6 pct or more.

(2025/07/03-22:06)

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