shunto

American  

[shoon-toh] / ˈʃʊn toʊ /

noun

1. the annual sessions of collective bargaining for wage increases sought by Japanese labor unions each spring.

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Etymology

Origin of shunto

< Japanese shuntō literally, spring struggle < Middle Chinese, equivalent to Chinese chūn spring + dòu struggle

Example Sentences

“If the bank misses the opportunity again in January, the rate-hike decision will have to be made based on the results of next year’s shunto wage negotiations,” Nakayama said.

From The Wall Street Journal

Japanese firms traditionally kick off their spring "shunto" wage negotiations with unions in March.

From Reuters

"Going forward, the BOJ is likely to exercise patience until mid-2024, when it will assess the need for more significant policy actions, such as a potential YCC exit. By that time, the BOJ will have access to next year's Shunto wage data, which will provide more information about the long-term inflation outlook."

From Reuters

Many Japanese companies will wrap up their annual "shunto" labour talks on Wednesday, although many have made early decisions with bullish plans, responding to government pressure to help taxpayers weather rising living costs.

From Reuters

The precedent set at the "shunto" spring wage talks also influences wages at smaller firms that employ seven out of 10 Japanese workers.

From Reuters