Published 1 month ago

Japan union group announces biggest wage hikes in 33 years, presaging shift at central bank

Japanese companies agreed to raise wages by 5.28% in 2024, the highest increase in 33 years, signaling a shift away from a decade-long stimulus program.
The pay hikes are expected to boost household spending and overall economic growth and may lead to the end of negative interest rates by the Bank of Japan.
The increase in wages is part of Japan's effort to combat years of deflation and address income inequality and a labor shortage.

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Reuters

Japan union group announces biggest wage hikes in 33 years, presaging shift at central bank

Japan's biggest companies agreed to raise wages by 5.28% for 2024, the heftiest pay hikes in 33 years, the country's largest union group said on Friday, reinforcing views that the county's central bank will soon shift away from a decade-long stimulus programme.

1 month ago·United Kingdom

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Channel News Asia

Japan unions will unveil results of wage talks, presaging shift at central bank

TOKYO : Japan's largest trade union group is due to announce results of this week's annual wage talks on Friday, with expectations for a rise of more than 4 per cent, which would be the biggest boost since the early 1990s and strengthen the case for a central bank shift.The Rengo union group will unveil t

1 month ago·Singapore

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The Straits Times

Japan’s union group announces biggest wage hikes in 33 years, presaging shift at central bank

1 month ago·Singapore

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Nikkei

Japan's unions win biggest wage hike since 1991 in 'stage change'

TOKYO -- Japan's largest labor confederation said Friday that its member unions won an average 5.28% increase in wages this year, the biggest raise si

1 month ago·Japan

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Thanh Niên

Các công ty lớn của Nhật đồng ý với mức tăng lương cao nhất trong 33 năm

On March 15, the largest trade union in Japan announced that major companies in the country have agreed to raise salaries by 5.28% in 2024, the highest wage increase in 33 years.

1 month ago·Viet Nam

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Japan Today

Eyes on Bank of Japan as unions announce big wage hikes

Japan's largest trade union said Friday it had secured the highest wage hikes since 1991 in preliminary data that stokes speculation the central bank will finally shift away from its outlier ultra-loose monetary policy. The Rengo union said that in spring wage talks so far, its members had secured pay…

1 month ago·Sakado, Japan

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