8301 Jp News Today

Booming markets in Japan have swelled the workload for international bankers in Tokyo but one thing hasn’t changed — stubbornly low pay.

Japan’s labor market remained relatively tight in November, keeping pressure on employers to boost pay in order to fill positions as companies prepare to engage in annual wage negotiations with unions.

Japan’s industrial production rose more than expected in October, offering a fresh sign of economic resilience as improvement in supply chains bolstered automakers and inventory adjustments underpinned the electronics parts industry.

The Bank of Japan jolted financial markets by loosening its grip on bond yields in Governor Kazuo Ueda’s first surprise move since taking the helm, a step that will likely spur talk of potential policy normalization to come.

Rampant inflation may be showing some signs of slowing in the US, but the surge on the other side of the Atlantic looks to have further to run.