Over a private dinner late last year, the chief executive of a large listed Japanese company was doubtful about whether annual spring wage talks in 2023 would finally deliver increases in pay.
He told me that his guess was that the talks would lead to another false dawn, continuing a long, unerring cycle in Japan. With an ever-tightening labour market and nearly a decade of direct government lobbying to businesses to raise wages, each year felt like there was a sense of change in the…
Read the full article here
