Japan wage growth gathers steam as reluctant retailers raise pay

Japan wage growth gathers steam as reluctant retailers raise pay

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…

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

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

Japan Kicks off Spring Wage Talks, Smaller Firms in Focus

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.

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

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

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.