The figures for the base pay increase demanded by labor unions before 2023 are calculated by subtracting seniority- and performance-related wage increases, which are assumed to be equal to the actual figures, from the total increase in wages (the sum of seniority- and performance-related wage increases and the increase in base pay) demanded by unions.
It is significant that these uncertainties have been easing, at least to some extent. Second is that the global cycle for IT-related goods, which had been exerting downward pressure on the global economy this year, has been picking up. World semiconductor shipments recently have turned to an increase.