Keidanren Chairman: BOJ’s Monetary Policy Likely to Normalize in the Not-Too-Distant Future
21:01 JST, March 11, 2024
The Japan Business Federation (Keidanren) Chairman Masakazu Tokura expressed on Monday his expectations for this year’s shunto spring wage negotiations, which begins on Wednesday with the date for major companies to make their responses, saying, “We feel momentum for wage increases beyond last year.”
Some of the major companies have already been responding in full to labor union demands for wage increases due to high prices and labor shortages.
Tokura also said that the Bank of Japan, which is closely watching wage hike trends with a view to changing its monetary policy in the future, “is likely to take steps toward monetary normalization in the not-too-distant future.”
"Business" POPULAR ARTICLE
-
G20 Sees Soft Landing for Global Economy; Leaders Pledge to Resist Protectionism as Trump Calls for Imported Goods Flat Tariff
-
Japanese Automakers Team Up on Software Development; Aim to Compete with U.S., China in SDV Market
-
China Struggles to Develop Passenger Jet to Rival Boeing, Airbus; Russian Cooperation Falls
-
Japanese Cosmetics Firms Competing with South Korean Brands over Inexpensive Products; South Korean Brands Dominating Market Through Social Media
-
Japan Logistics Industry Struggles Amid Shortage of Drivers; Increasing Number of Transport Companies Going Bankrupt
JN ACCESS RANKING
- Asukayama Monorail in Tokyo: Free to Ride!
- Japan Trying to Draw Digital Nomads, Who Are Seen as Beneficial to Economy, Society
- JICA Employee Suspected of Leaking Info on ODA Project in Manila; Bidding for Railway Renovation May Have Been Impacted
- G20 Sees Soft Landing for Global Economy; Leaders Pledge to Resist Protectionism as Trump Calls for Imported Goods Flat Tariff
- Japanese Automakers Team Up on Software Development; Aim to Compete with U.S., China in SDV Market