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The Japanese Commerce Union Confederation, or Rengo, on Thursday formalized a plan to demand a pay hike of round 5% in subsequent yr’s shuntō spring labor-management negotiations.
The lifting of the pay-scale goal and common wage development from round 4% set for 2022 negotiations is aimed toward having wages mirror increased costs stemming from the yen’s speedy depreciation and different elements, which have been weighing on family funds. The pay hike goal had stayed at round 4% since 2016.
Rengo’s choice was made on the day’s central committee assembly held in Urayasu, Chiba Prefecture.
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