Wednesday , 6 November 2024
Home Forex Japan’s largest union group Rengo targets wage hikes of at least 5% for next year
Forex

Japan’s largest union group Rengo targets wage hikes of at least 5% for next year

It’s a bullish case scenario for the BOJ, if and only if this can be pulled off. Newly appointed Japan prime minister Ishiba will be supportive of that but as inflation stabilises, it might be tough to repeat a similar feat seen last year. For some context, Japanese firms agreed to an average 5.1% wage hike in this year’s shuntō. And since then, price pressures have abated somewhat.

Just a heads up on the timing as well, that Rengo should finalise its position some time around December. And that will be the base for which they will try and work with for next year’s spring wage negotiations. Then, we will only see the final and agreed figures come out around March.

This article was written by Justin Low at www.forexlive.com.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

Lagarde wants bigger banks

Lagarde in Frankfurt:Celebrating 10 years of Single Supervisory Mechanism (SSM)Bank capital ratios...

It’s the dawn of a new era

Trump is back and it looks like Republicans are back in Congressional...

What to keep an eye out for now in the race for control of the House?

It all comes down to this now in determining whether or not...

Technical levels following the Trump victory/the GOP run

Pres. Trump blazed through the Presidential election and a new era begins....