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Market Players Await Wage Result Key to BOJ Rate Hike Calculus
Japan’s largest union group will release the most closely scrutinized wage figures in decades on Friday, numbers that may be strong enough to nudge the central bank toward raising interest rates for the first time since 2007. Rengo, a federation of unions, will announce the result in the afternoon after having collated the results of its constituents, many of which have already announced agreements to hike wages by 5% or more. An outcome around that level would far outpace the initial 3.8% tally a year ago, which itself was the biggest in 30 years. The results of the wage talks will be closely parsed by the BOJ as ... (full story)
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