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Japan's largest union group Rengō says average wage hike seen at 5.25% after second tally

Japan's largest union group Rengō says average wage hike seen at 5.25% after second tally

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Justin Low
22/03/2024 | 08:00 GMT
  • That's just mildly lower compared to the 5.28% figure announced last week

For some context, it is still much improved compared to the 3.80% average wage hike seen in 2023. In any case, it was already convincing enough to get the BOJ to move earlier this week. And that is all that matters.

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