TOKYO (Reuters) – Massive Japanese corporations are more likely to enhance wages by about 5% in 2025, similar as final yr, the chair of a significant enterprise foyer mentioned on Tuesday, whereas pledging efforts to unfold the wage development momentum to smaller corporations.
“The pace of growth at big firms are likely to be similar to last year,” Takeshi Niinami, who chairs Keizai Doyukai, one of many nation’s greatest enterprise lobbies, mentioned at a press convention.
“However, it is crucial for small and medium-size companies to achieve wage growth that exceeds a year earlier for three consecutive years,” Niinami mentioned.
Japanese firms agreed to a mean 5.1% wage hike in 2024, the most important enhance in three many years, in keeping with Rengo, the nation’s largest union. Rengo is looking for wage hikes of a minimum of 5% in 2025.
