Japan's biggest labor body calls for 4% pay hike in wage talks

Japan's biggest labor organization on Thursday decided to call for a 4 percent pay hike in annual wage negotiations early next year to help fairly redistribute wealth, a goal also sought by the country's prime minister.Tepid wage growth has been partly blamed for weak domestic demand in Japan and Japanese Prime Minister Fumio Kishida is calling for a pay hike of over 3 percent next year at companies seeing their earnings recover to pre-pandemic levels as he aims to deliver on his promise of achieving economic growth and wealth distribution.Members of the Japanese Trade Union Confederation k…READ FULL ARTICLE