By Makiko Yamazaki and Kentaro Sugiyama TOKYO (Reuters) – Japan’s retailers, typically among the most tight-fisted of employers, are offering big pay increases for a second year in a row, meaning squeezed profits for companies, more spending money for workers, and a green light for more central bank rate hikes. Japan’s labour-intensive service sector had long managed to avoid making big or sustained pay raises, by tapping a vast pool of part-tim…

WTVB

Japan wage growth gathers steam as reluctant retailers raise pay

The Bank of Japan may hike interest rates to 1% eventually, heaping pressure on yields to rise in the world’s second-biggest government bond market, according to T. Rowe Price.

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T. Rowe Price Sees Bank of Japan Hiking Rates to 1% Eventually

TOKYO -- The Bank of Japan is set to vote for a rate hike during its meeting scheduled for Friday, Nikkei has learned, taking a step further in its po

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Nikkei, Inc.

Japan

BOJ set to vote for rate hike to 0.5% on Friday

Japan's retailers, typically among the most tight-fisted of employers, are offering big pay increases for a second year in a row, meaning squeezed profits for companies, more spending money for workers, and a green light for more central bank rate hikes. Japan's labor-intensive service sector had long managed to avoid…

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TOKYO (Reuters) - Japan’s biggest business lobby Keidanren and trade unions kicked off annual labor talks on Wednesday that are likely to lead to another year of bumper wage hikes, though policymakers will be mainly focused on how far the momentum spreads to smaller firms.

読売新聞オンライン

Japan Kicks off Spring Wage Talks, Smaller Firms in Focus

TOKYO: Japan's biggest business lobby Keidanren and trade unions kicked off annual labour talks on Wednesday that are likely to lead to another year of bumper wage hikes, though policymakers will be mainly focused on how far the momentum spreads to smaller firms.
© New Straits Times Press (M) Bhd

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Japan kicks off spring wage talks, smaller firms in focus

[NHK] The heads of Keidanren and Rengo met to discuss the spring labor offensive. The wage increase rate, which has remained low for a long time, is expected to rise by 2023...

【NHK】経団連と連合のトップによる会談が行われ、春闘が事実上、スタートしました。長い間、低水準で推移してきた賃上げ率は、2023…

ことしの賃上げどうなる？春闘が事実上始まる

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Government of Japan

Tokyo

What will happen to wage increases this year? Spring labor offensive begins

By Makiko Yamazaki TOKYO (Reuters) – Japan’s biggest business lobby Keidanren and trade unions kicked off annual labour talks on Wednesday that are likely to lead to another year of bumper wage hikes, though policymakers will be mainly focused on how far the momentum spreads to smaller firms. With some of the biggest firms already promising to raise pay substantially for this year, the prospect of large wage hikes is seen supporting the case for…

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St. Clair County

Michigan

Japan kicks off spring wage talks, smaller firms in focus - Blue Water Healthy Living

JAPAN’S biggest business lobby Keidanren and trade unions kicked off annual labour talks on Wednesday that are likely to lead to another year of bumper wage hikes, though policymakers will be mainly focused on how far the momentum spreads to smaller firms.

Business Times

Japan kicks off spring wage talks, smaller firms in focus

All eyes are on the Bank of Japan, which meets early on Friday. The BoJ is expected to raise interest rates by 25 basis points which would bring the cash rate to 0.50%. The BoJ has said that it will raise rates if it sees higher wage growth, which would indicate that inflation is sustainable. BoJ policymakers have expressed confidence that wages are moving higher and Deputy Governor Himino said last week that many firms plan to raise wages at le…

Japan wage growth gathers steam as reluctant retailers raise pay

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