For some context, they achieved a 5.25% wage hike in the spring wage negotiations in 2024 and a 3.80% wage hike in 2023. So, that’s another step up and this also beats out the supposed wage hike of “at least 5%” for 2025. It’s a good springboard for the BOJ to work with in the months ahead.
This article was written by Justin Low at www.forexlive.com.
