Reported about 5 hours ago
Japanese nominal wages surged 4.8% in December, marking the largest increase since 1997 and supporting the Bank of Japan's recent rate hike. This strong growth, driven by significant bonuses, resulted in a 0.8% appreciation of the yen against the dollar and boosted market expectations for further tightening by the BOJ. Economists now anticipate another rate increase possibly in July, while wage negotiations set for spring could impact future pay trends amidst ongoing inflation concerns.
Source: YAHOO