A look at the day ahead in European and global markets from Tom
Westbrook Big Japanese companies have agreed in full to union pay
demands, a sign that workers could. -March 13, 2024 at 01:30 am EDT
- MarketScreener
Big Japanese companies have agreed in full to union pay demands, a sign that workers could perhaps have pushed a bit harder, but also that wage momentum could encourage a historic policy shift by the Bank of Japan. While hotter-than-expected U.S. inflation - and the risk of upside surprises elsewhere - is pushing back bets on rate cuts in much of the world, there is growing speculation that Japan will end its experiment with negative interest rates next week. Wages are front and centre as a driver of a positive feedback loop reinforcing Japanese spending and confidence.
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A look at the day ahead in European and global markets from Tom Westbrook Big Japanese companies have agreed in full to union pay demands, a sign that .
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