Most Japanese firms agree to Union wage hike demands in full

Source Fxstreet

The central focus early Wednesday is on the outcome of Japan’s wage negotiations, with the country’s largest trade union confederation, Rengo, having demanded pay rises of 5.85% this year, topping 5.0% for the first time in 30 years.

Citing Japanese media outlets, Reuters reported that the union wage demands for a hike of JPY18,215 have been met.

In sync with the Japanese unions’ demands, Toyota responded in full to the Toyota Automobile Workers' Union's demands for wages and annual lump-sum payments (bonuses), which were at record high levels, per Reuters.

The amount of wage increases requested varies by job type and rank, but the maximum amount is 28,440 Yen per month.

Meanwhile, Okuma Corp hiked wages by 15,960 Yen per month.

Additional headlines

GS Yuasa has agreed to union wage rise demands in full.

Mitsubishi Heavy to raise wages by an average of 8.3%, an 18,000 yen base pay increase.

Nissan Motor responded to the Union's wage hike demand in full.

Nippon Steel responded to the Union's wage hike demand in full.

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
What Crypto Whales are Buying For May 2025Crypto whales are making bold moves heading into May 2025, and three tokens are standing out: Ethereum (ETH), Artificial Superintelligence Alliance (FET), and Onyxcoin (XCN).
Author  Beincrypto
Apr 21, Mon
Crypto whales are making bold moves heading into May 2025, and three tokens are standing out: Ethereum (ETH), Artificial Superintelligence Alliance (FET), and Onyxcoin (XCN).
placeholder
Analysts Highlight 4 Reasons Why ETH Price Could Rebound Strongly in MayEthereum (ETH) has declined for five consecutive months. However, it enters May with rising optimism.
Author  Beincrypto
May 07, Wed
Ethereum (ETH) has declined for five consecutive months. However, it enters May with rising optimism.
placeholder
Ethereum Price Ready to Surge—$2,000 Level Could Be Within ReachEthereum price started a fresh increase above the $1,800 zone. ETH is now rising and attempting a move above the $1,850 resistance. Ethereum started a fresh recovery wave above the $1,820 resistance.
Author  NewsBTC
May 08, Thu
Ethereum price started a fresh increase above the $1,800 zone. ETH is now rising and attempting a move above the $1,850 resistance. Ethereum started a fresh recovery wave above the $1,820 resistance.
placeholder
Ethereum Price Explodes Past $2,200 with 25% Surge—Momentum Builds FastEthereum price started a fresh surge above the $2,000 zone. ETH is now up over 25% and consolidating gains near the $2,200 zone. Ethereum started a fresh surge above the $2,000 resistance.
Author  NewsBTC
May 09, Fri
Ethereum price started a fresh surge above the $2,000 zone. ETH is now up over 25% and consolidating gains near the $2,200 zone. Ethereum started a fresh surge above the $2,000 resistance.
placeholder
Bitcoin 2025 Conference Day One: How Has the Crypto Market Shifted?  The Bitcoin 2025 Conference signals strong regulatory recognition of Bitcoin in the U.S., with growing speculation that the government may increase BTC holdings.
Author  TradingKey
20 hours ago
The Bitcoin 2025 Conference signals strong regulatory recognition of Bitcoin in the U.S., with growing speculation that the government may increase BTC holdings.
Related Instrument
goTop
quote