This year's spring battle will have an intensive response day on the 15th of this month.
A number of private think tanks have raised their forecasts for wage increases.
Some forecast that the wage increase rate will exceed 3%.
Private think tank companies have forecasted wage increase rates for this year's spring labor offensive, including a ``regular salary increase'' and a ``base increase'' that raises the base salary.
Although it is not possible to make simple comparisons because the target companies for the survey are different for each company, some forecasts exceed 3%.
Among them, "SMBC Nikko Securities" predicts a wage increase rate of about 3.3% in this year's spring struggle, and "Daiwa Institute of Research" is increasing the momentum of wage increases against the backdrop of rising prices and labor shortages. We anticipate a wage increase of around 3%.
In addition, Nomura Securities had initially forecast a wage increase rate for the spring labor offensive of around 2.5%, but raised it to 2.83% last month.
On top of that, major companies have responded to the labor union's demands in full one after another, and if the momentum of such wage increases spreads to small and medium-sized enterprises, the wage increase rate may rise to 3.3%.
Mizuho Research & Technologies also raised its wage growth forecast to 2.8% from 2.6%.
According to a survey conducted by the Ministry of Health, Labor and Welfare of companies with more than 100 employees, the rate of wage increases last year was 1.9%.
If this year's wage increase rate is 3%, it will be the level since 1994.
However, think tanks have analyzed that for the time being, wage growth will not keep up with price increases, and real wages will continue to be negative.
Keiji Kanda, a senior economist at the Daiwa Institute of Research, said, ``We expect the wage increase rate to be at a level for the first time in about 30 years, but we expect real wages to remain negative for the time being. In order for wages and prices to rise in a cyclical manner, we will realize a high wage increase in this year's spring labor offensive and will continue to do so next year and beyond. is important,” he says.