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BOJ Flags Spreading Wage Gains, Adding to Case for Rate Hike
The Bank of Japan’s branch managers see wage growth filtering across the nation’s regions, giving Governor Kazuo Ueda additional evidence in support of a near-term interest rate hike. Many regions reported that “wage growth is broadening to surpass or is in line with last year’s elevated levels” for small and medium-sized businesses, according to a quarterly BOJ report released Monday. The report summarizing the views of the managers cited the ripple effect of big wage gains negotiated by big companies and unions, in addition to the need to secure staff amid worker shortages and rising prices. The comments ... (full story)
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- Posted: Jul 8, 2024 3:14pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 2,564
