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

And despite years of robust results from the annual wage negotiations—known as shunto—inflation has outpaced nominal wage growth in Japan, they said.

From The Wall Street Journal

Most workers sit outside the scope of shunto altogether, said Stefan Angrick at Moody’s Analytics, while firms often claw back headline increases by trimming bonuses.

From The Wall Street Journal

Preliminary Shunto results signal solid pay increases, but real wages remain under pressure from inflation, now complicated by Middle East-driven energy shocks, Justin Feng and others say.

From The Wall Street Journal

Bank of Japan Gov. Kazuo Ueda is closely watching Japan’s annual spring negotiations, known as shunto, to confirm that wage growth is keeping pace with prices.

From The Wall Street Journal

On Monday, Japan’s largest labor union group—the Japanese Trade Union Confederation, also known as Rengo—is scheduled to release preliminary results from the annual ‘shunto’ wage negotiations.

From The Wall Street Journal