Smaller Japanese firms may not hit 2025 wage-increase goals.
Wage increases for smaller companies in Japan may fall short again, risking workers' earnings as inflation persists.
Listen up, folks! Wage increases at smaller companies in Japan might not cut it this year, according to some analysts and business leaders. With inflation gnawing away at those paychecks, many workers are left feeling the pinch. This year’s shuntō negotiations kicked off recently, and Rengo's got its sights set on over 6% wage hikes for smaller businesses and over 5% for the big players.
Yutaro Suzuki, an economist at Daiwa Securities, breaks it down like this: it's a tough goal for small and midsized companies. So, while big companies might flex their muscles, those little guys might just struggle to keep up with the rising cost of living.
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