As a result of the annual spring wage negotiations (shunto) in 2024, major companies in Japan increased wages by an average of 5.33 percent. Major corporations in the iron and steel industry agreed to a pay increase of 12.49 percent.
Shunto is a Japanese term that can be translated as spring wage offensive. It refers to wage talks held simultaneously every spring by company unions throughout Japan.
Annual outcome of spring wage negotiations (shunto) of major private companies in Japan in 2024, by industry
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MHLW (Japan). (August 2, 2024). Annual outcome of spring wage negotiations (shunto) of major private companies in Japan in 2024, by industry [Graph]. In Statista. Retrieved June 07, 2025, from https://www.statista.com/statistics/1557318/japan-spring-wage-negotiation-results-major-companies-by-industry/
MHLW (Japan). "Annual outcome of spring wage negotiations (shunto) of major private companies in Japan in 2024, by industry." Chart. August 2, 2024. Statista. Accessed June 07, 2025. https://www.statista.com/statistics/1557318/japan-spring-wage-negotiation-results-major-companies-by-industry/
MHLW (Japan). (2024). Annual outcome of spring wage negotiations (shunto) of major private companies in Japan in 2024, by industry. Statista. Statista Inc.. Accessed: June 07, 2025. https://www.statista.com/statistics/1557318/japan-spring-wage-negotiation-results-major-companies-by-industry/
MHLW (Japan). "Annual Outcome of Spring Wage Negotiations (Shunto) of Major Private Companies in Japan in 2024, by Industry." Statista, Statista Inc., 2 Aug 2024, https://www.statista.com/statistics/1557318/japan-spring-wage-negotiation-results-major-companies-by-industry/
MHLW (Japan), Annual outcome of spring wage negotiations (shunto) of major private companies in Japan in 2024, by industry Statista, https://www.statista.com/statistics/1557318/japan-spring-wage-negotiation-results-major-companies-by-industry/ (last visited June 07, 2025)
Annual outcome of spring wage negotiations (shunto) of major private companies in Japan in 2024, by industry [Graph], MHLW (Japan), August 2, 2024. [Online]. Available: https://www.statista.com/statistics/1557318/japan-spring-wage-negotiation-results-major-companies-by-industry/
