(Bloomberg) The Bank of Japan will likely consider raising its inflation forecast at a policy meeting later this month after surprisingly strong results from annual wage negotiations, according to people familiar with the matter. Most Read from BloombergTrumpism Is Emptying ChurchesIran’s Better, Stealthier Drones Are Remaking Global WarfareWhy India’s South Rejects Modi — And Why It MattersBlackstone Nears Buyout of Skin-Care Company L’OccitaneGermany to Order Ships, Armored Vehicles Worth U
(Bloomberg) Japan’s annual wage negotiations have kicked off in earnest, drawing increased attention as the Bank of Japan looks for evidence of a virtuous wage-price cycle that would allow it to exit from the world’s last negative rate regime.Most Read from BloombergYour 401(k) Will Be Gone Within a DecadeLargest Covid Vaccine Study Yet Finds Links to Health ConditionsPlay VideoUS Tells Allies Russia May Launch Anti-Satellite Nuclear Weapon Into Space This YearUS Stock Futures Slip Ahead of N
Major Japanese corporations including Nissan Motor Co. and Hitachi Ltd. on March 15 agreed on their biggest pay raises in decades in annual wage negotiations after their labor unions requested wage hikes that match rising prices.