That said, such a price decline is a  8  positive factor in corporate profits with an improvement in the terms of trade at a macroeconomic level.12  In my view, it is necessary to replace the existing practice of referring to the observed CPI in the past and negotiating the wage increases for only one year in an adaptive manner.
Instead, it is necessary to implement the practice of negotiating wage increases for several years in a forward-looking manner by sharing the outlook on the path of price changes over several years, or over the medium to long term.13  Third, there should be a change in the practice of applying the result of labor-management wage negotiations at large manufacturers to other industries.