Shunto

Shunto

In Japan, annual negotiations between trade unions and corporations on wage increases. Traditionally, shunto began in March each year. Over time, wage increases during shunto became almost automatic. Shunto has become less common since the 1990s with the weakening of unions in the wake of the Asian financial crisis.
References in periodicals archive ?
the single-digit wage increase policy) by emulating the Japanese model of informal wage coordination, the shunto (or the spring offensive), and preventing firms from increasing corporate welfare benefits to compensate workers for wage restraints (e.
In Japan, the Shunto (spring wage offensive) has traditionally played an important role in this regard.
Three Japanese exchange students at Monmouth School also got their first taste of Welsh fly fishing and Maicho Nano caught her first trout as did her male companions Shunto Mouro and Satoki Yamamoro.
In 1955 they began shunto, the annual spring wage struggle, in which all unions and all workers joined together to demonstrate and to demand wage increases.
Shunto affects the large companies and are the benchmark for smaller firms - not unlike wage negotiations in the steel or auto industries in the United States.
Some countries rely on specific institutions to set pay: courts determine pay increases in Australia; the government extends collective bargaining agreements throughout the economy in Germany; in Japan, a large proportion of pay consists of bonuses, and the Shunto Offensive sets standards for wage increases throughout the economy.
As he recalled his memories of the 9-3 game, Shunto bubbled with so much hwyl, passion and nervous energy he looked pumped enough to take the field 40 years later.
The average wage rise agreed in the annual negotiations, the Shunto, was 4.
Many companies are closely monitoring moves at Toyota as the high-profile player in the business community serves as a trendsetter in the shunto wage talks.
In the Shunto, the annual spring wage negotiations, the wage increases averaged 4.
Automakers, as well as consumer electronics companies, are trendsetters in the annual shunto wage talks.
With the shunto spring labor negotiations set to start shortly, unions are demanding, among other things, an increase in the ratio of pay to overall business profits of companies.