Japan wage talks point to 5% hike for third straight year

Japan wage talks point to 5% hike for third straight year

Economy

Increase would mark first such streak in 35 years, pending final tallies

Results of spring wage negotiations are written on a board at an office of the Japan Council of Metalworkers’ Unions in Tokyo on March 18. (Photo by Rie Ishii)

MITSURU OBE

TOKYO — Japan’s large corporations are expected to offer wage increases of 5% or more for a third straight year, as many companies announce the results of annual spring wage talks on Wednesday.

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