This relates to the result of the "shunto" spring wage negotiations and it beats estimates of those anticipating a number close to or around 3%. This is a massive endorsement towards possibly putting a stop to Japan's ultra easy monetary policy and will give incoming BOJ governor Ueda plenty to work with to start his tenure.
Japan's trade union confederation says agreed to average of 3.8% wage hikes for FY2023
- That's the biggest jump in wage hikes since 1994
Top Brokers
Sponsored
investingLive is a market news and analysis platform that lists and reviews forex brokers for informational use only. We do not provide investment advice or brokerage services. CFDs are complex, high-risk products and may not be suitable for all investors. investingLive is not responsible for any trading losses or decisions made based on content found on our site.
