An early article in the Nikkei today on wage increases in Japan.
- The first round of results from spring labor negotiations were announced Thursday by leading business lobby Keidanren
- The wage growth comes to 2.59% for 62 large companies with at least 500 on staff, the biggest boost since 1998
- This translates to an added 8,502 yen ($70.85) in monthly pay, exceeding 8,000 yen also for the first time in 17 years
- Both automatic seniority-based raises and negotiated base pay bumps are included in this tally
We've been noting some of the pay rises coming through in the past month or so, the Nikkei with a bit more on it
The Japanese administration has been pressuring business to pay more as part of the inflation-wage rise chase to boost the economy
