Published: 13/03/25 at 01:55 UTC
USD/JPY flows: Welcoming Sign from Early Wage negotiation
FX Analyst
1
Shunto wage negotiations show most organizations asking wage hikes nearly twice as large as last year
There are more welcoming signs for the Japan spring wage negotiation as unions are asking for another historic hike circa 6%, which seems to have been accepted by most large enterprise. If more large business echoes and SMEs are able to catch up more than 50%, it would build a case for the BoJ to see inflation sustainably above 2%.
USD/JPY is trading unchanged at 148.23.