For some context, they achieved a 5.25% wage hike within the spring wage negotiations in 2024 and a 3.80% wage hike in 2023. So, that is one other step up and this additionally beats out the supposed wage hike of “no less than 5%” for 2025. It is a good springboard for the BOJ to work with within the months forward.
This text was written by Justin Low at www.forexlive.com.
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