boj minutes, 2022-03-18
As of the so-called concentrated response date in mid-March, employers' responses to the annual spring labor-management wage negotiations in 2022 showed that, owing to an improvement in corporate profits, there had been an increasing number of firms, mainly in the manufacturing industry, that had agreed to offer a rate of increase in wages -- including in base pay -- that exceeded the rate for fiscal 2021.
Sentiment: neutral
Topic: mp_labor_market