Bank of Japans Tamura Naoki, Member of the Policy Board said he believes that, by the second half of fiscal 2025 -- when wage hikes resulting from annual wage negotiations, including among small and ...
BOJ executives probably want to raise short-term rates at least to 1.5% by the end of fiscal 2026, so they have scope to reduce borrowing costs when the economy faces another downturn, Sakurai said.
Japanese nominal wages rose at the fastest pace in nearly three decades, supporting the Bank of Japan’s latest rate hike decision and keeping the bank on track for further tightening steps. Nominal ...