攸关日本央行加息路径！明年“春斗”前哨：日本最大工会拟寻求5%加薪

Group 1 - The Japanese Trade Union Confederation (Rengo) aims for at least a 5% wage increase in the upcoming negotiations, with a target of a 3% rise in base salary [1][2] - Last year's negotiations resulted in an average overall wage increase of 5.25% by 2025, indicating a consistent push for wage growth [1] - The Japanese government is under pressure to maintain wage growth momentum, as stagnant real wages could lead to public dissatisfaction and impact monetary policy [1][2] Group 2 - Despite achieving the largest nominal wage increase in over 30 years, real wages have not kept pace due to ongoing inflation, with only two months of real wage growth in the past year [2][3] - The government is expected to implement measures to support wage growth and alleviate inflationary pressures, including enhancing small business profitability [2] - There is a widening wage growth gap between large and small enterprises, with small subcontractors struggling to pass on higher costs to clients [2][3] Group 3 - Rengo's goal for small and medium-sized enterprises is to increase employee wages by at least 6%, with last year's average increase for smaller firms at 4.65% [3] - The Bank of Japan emphasizes the importance of wage growth for achieving a healthy economic cycle, which is a prerequisite for tightening monetary policy [3] - Economists predict that the upcoming wage negotiations will yield lower increases than the previous year, with an average expected increase of 4.81% [4]