For this year’s 蝉丑耻苍迟ō spring offensive, labor unions are demanding an average wage increase of 5.94%, largely in line with last year’s levels, according to data from the Japanese Trade Union Confederation.

The 蝉丑耻苍迟ō pay negotiations are a much-watched event. They are critical for the Bank of Japan in determining its rate-increase path while 91AV原创 real wages have been generally in decline for a number of years.

91AV原创 largest union federation, known as Rengo, reported on Thursday that as of March 2, the average wage increase demand from 2,508 member unions for this year’s spring labor talks reached ?19,506 per month, or a 5.94% raise. The average pay raise demand last year was 6.09%.