来源：金融界AI电报 日本2026年度工资谈判的早期迹象表明，尽管面临美国关税对利润构成压力，日本仍将迎来新一轮的稳 健加薪，这为日本央行进一步加息提供支持。日本央行行长植田和男表示希望获得更多一点数据，以了 解明年工资谈判的初步态势。工会已经明确表示将再次要求大幅加薪。工资持续增长将支撑民间消费， 使日本央行有信心在不破坏经济复苏的情况下提高利率。尽管近年来工资大幅增长，但由于核心消费通 胀率一直高于央行2%的目标，实质工资增长仍为负值。拥有700万会员的日本劳动组合总连合会正寻求 在2026年将工资提高5%或更多。这正是RENGO在2025年提出的要求，最后促成34年来最大的一次加 薪。 ...

Core Viewpoint - Japan's largest labor union, UA Zensen, plans to negotiate for a wage increase in the upcoming year that matches this year's level, targeting a total wage growth of 6% [1] Group 1: Wage Negotiation Plans - UA Zensen aims for a 4% increase in base wages during the wage negotiations ending in March next year, following a successful 4.75% wage increase achieved this year [1] - The union also plans to request an additional 1% wage increase for companies with significant wage disparities compared to their peers [1] Group 2: Economic Context - The Bank of Japan is closely monitoring wage trends as a key factor in determining the timing of future interest rate hikes, indicating heightened market attention on the upcoming wage negotiations [1] - Bank of Japan Governor Kazuo Ueda has stated that he is watching the "initial momentum" of annual salary negotiations, suggesting that the union's announcement may signal early signs of this momentum [1]

Core Viewpoint - The Governor of the Bank of Japan, Kazuo Ueda, stated that it is difficult to determine when a judgment can be made regarding next year's wage negotiations [1] Group 1 - The Bank of Japan is currently facing challenges in assessing the timing of wage negotiations for the upcoming year [1]

日本央行行长植田和男：关税可能影响企业盈利、年终奖金以及工资谈判。 ...

Core Insights - The Governor of the Bank of Japan, Kazuo Ueda, indicated that there remains uncertainty regarding winter bonuses and the spring wage negotiations for the following year [1] - It is expected that the rise in food prices will gradually stabilize [1] Group 1 - Uncertainty exists in the context of winter bonuses and upcoming wage negotiations [1] - Anticipation of stabilization in food price increases [1]