Middle East Conflict Seen to Affect Japan's Wage Talks -- Market Talk

Dow Jones03-23

0813 GMT - The Middle East conflict has started to affect Japan's closely watched annual wage negotiations, clouding the outlook for whether the positive cycle of higher pay leading to more spending and mild inflation will continue. Some oil-related firms have requested a delay in finalizing wage talks in the wake of heightened geopolitical risks, a labor union official says. Preliminary data from Japan's largest labor union group shows its members secured wage increases of 5.26% on average. That is slightly higher than the 5.25% gain recorded in the final results for last year, but lower than the preliminary 2025 figure of 5.46%. (megumi.fujikawa@wsj.com)

(END) Dow Jones Newswires

March 23, 2026 04:13 ET (08:13 GMT)

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