Japanese trade union calls for wage boost

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The Japanese Trade Union Confederation (Rengo), has called on the corporate sector to redress the growing imbalance between company profits and employee earnings.It comes as the Bank of Japan published figures that showed that the share of company income going to wage costs had shrunk to its lowest for six years.Although the Japanese economy has recently slowed, narrowly missing recession towards the end of 2004, the overall outlook in the economic cycle is good, with corporate profits steadily rising over the past 3 years.Although trade unions in Japan in a less direct manner to in Western countries, the disapproval by Rengo will certainly bring wage issues to the forefront of the Japanese economic table.