Japan's Unions Ask for Wage Hikes on Back of Abenomics Stimulus

Newswire

By Yuka Obayashi TOKYO, Feb 7 (Reuters) - A trade union has demanded Japan's largest steelmaker, Nippon Steel & Sumitomo Metal Corp, hike basic wages for the first time in 14 years and share the profits generated by the government's "Abenomics" stimulus policies. Japan's annual wage negotiations that started on Friday are being watched closely as an indicator of whether Prime Minister Shinzo Abe's push to end almost two decades of stagnant economic growth and ...

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