Japan annual wage talks begin as focus turns to 5% or higher pay hike

Japan annual wage talks begin as focus turns to 5% or higher pay hike

Japan's annual wage negotiations effectively kicked off on Tuesday, with the focus on whether the momentum for pay hikes will continue, reaching the rate of 5 percent or higher for the third straight year in the inflation-hit economy. Yoshinobu Tsutsui, chairman of the country's most powerful business lobby, said in…