The ‘Shunto’ Effect: Japanese WorkersAnticipate Big Pay Rises
In the Land of the Rising Sun, a new dawn beckons for the workforce. The ‘Shunto’—or spring wage offensive—is a period marked by pivotal wage negotiations, and this year, it heralds a significant shift. Japanese workers are poised for the largest pay rises they’ve seen in years, a change that carries the promise of revitalizing consumer spending and stimulating the …