Japan's business leaders, including the Japan Business Federation Chairman and the Keidanren Chairman, are expressing optimism about wage hikes during this year's spring labor talks. There are indications of a potential normalization of monetary policy by the Bank of Japan in the near future. The prolonged monetary easing is viewed as a temporary boost to the economy but not a sustainable solution. Prime Minister Kishida plans to convene a meeting on March 13 involving government, labor, and corporate management to push for higher wages. Additionally, there are reports of many Japanese firms offering significant pay raises in the 2024 Shunto talks.
JAPAN FINMIN SUZUKI: AS SUCH WE CANNOT DECLARE DEFLATION AS BEATEN
JAPAN FINMIN SUZUKI: POSITIVE DEVELOPMENT SEEN IN JAPAN'S ECONOMY SUCH AS HIGH PAY HIKES, RECORD CAPEX
JAPAN FINMIN SUZUKI: WE HAVE NOT REACHED A STAGE WHERE JAPAN CAN AVOID THE RISK OF FALLING BACK INTO DEFLATION
Many Japan Firms Offering Big Pay Hikes In 2024 Shunto Talks - Jiji https://t.co/NDm4ZssAUy
Japan Business Federation Chairman Masakazu Tokura says Bank of Japan monetary policy likely to be normalized in "not-too-distant future" https://t.co/zh2Ea4W0E7
Japan's business lobby head sees near-term chance of BOJ policy shift https://t.co/2Jt9gzjXga https://t.co/i9W4qPKEki
Japan PM Kishida: To Hold Three-Way Meeting Among Govt, Labour And Corporate Management On March 13 To Strengthen Momentum For Higher Wages
JAPAN PM KISHIDA: TO HOLD THREE-WAY MEETING AMONG GOVT, LABOUR AND CORPORATE MANAGEMENT ON MARCH 13 TO STRENGTHEN MOMENTUM FOR HIGHER WAGES
⚠️ JAPAN WAGE HIKE MOMENTUM GROWING, BUSINESS LOBBY CHIEF SAYS Full Story → https://t.co/nbgWZPtV1b The chairman of Japan's Keidanren business lobby said on Monday there is greater momentum for wage hikes at this year's spring labour talks compared to last year.
🔴 JAPAN'S KEIDANREN CHAIRMAN: PROLONGED MONETARY EASING AS A SHOT IN THE ARM FOR THE ECONOMY IS NOT HEALTHY.
JAPAN KEIDANREN CHAIRMAN: PROLONGED MONETARY EASING AS A SHOT IN THE ARM FOR ECONOMY IS NOT HEALTHY
🔴 JAPAN'S KAIDANREN CHAIRMAN: THERE IS A HIGH POSSIBILITY THAT THE BOJ WILL NORMALISE MONETARY POLICY IN THE NEAR FUTURE, I DON'T KNOW IF IT WILL BE IN MARCH.
Japan Business Federation Chairman: Feeling Greater Momentum For Wage Hikes At This Year's Spring Labour Talks Compared To Last Year
🔴 JAPAN'S KEIDANREN CHAIRMAN: I'M FEELING GREATER MOMENTUM FOR WAGE HIKES AT THIS YEAR'S SPRING LABOUR TALKS COMPARED TO LAST YEAR.