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Yen up as news on wages in Japan filters out - wage hikes enough for the BoJ to hike too?

  • More wage news will hit into March 15. The BOJ meet March 18 and 19.
Eamonn Sheridan
13/03/2024 | 01:32 GMT

The latest news to dribble out is that GS Yuasa has agreed to union wage rise demands in full.

  • Mitsubishi Heavy to raise wages by an average of 8.3%, an 18,000 yen base pay increase
  • Nissan Motor responded to Union's wage hike demand in full
  • Nippon Steel responded to Union's wage hike demand in full

Earlier:

  • Japan wage talks - Toyota responds to Union wage hike demand in full
  • More on Japan wage talks - Okuma Corp hikes wages by 15,960yen (Union demand was 18,215)

The USD/JPY response is subdued:

usdyen chart wage hikes Japan March 13 2024 2

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