Japan Business Federation Chief Projects Wage Increases to Surpass Last Year

Wednesday, 13 March 2024, 09:47

The head of Japan Business Federation anticipates wage increases in big firms to outpace last year's levels, reaffirming positive sentiments for upcoming wage negotiations. The focus now shifts to potential impacts on smaller and medium-sized firms, as well as the possibility of policy changes at the BOJ's upcoming meeting.
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Japan Business Federation Chief Projects Wage Increases to Surpass Last Year

Japan Business Federation Chief's Wage Hike Projections

In a recent statement, the head of Japan Business Federation emphasized the likelihood of wage increases exceeding last year's levels in big firms.

Implications for Wage Negotiations

This reaffirms positive sentiments towards the upcoming spring wage negotiations, sparking discussions on potential outcomes across various business sizes.

BOJ Policy Changes: The article also raises questions about the possibility of the Bank of Japan implementing policy changes in response to the current wage hike forecasts.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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