2021 Japan Business Federation head Masakazu Tokura predicts increased wage hike momentum and a high chance of Bank of Japan normalizing ultra-loose monetary policy due to rising 2% inflation target likelihood.
Japan Business Federation head Masakazu Tokura said he sees greater momentum for wage hikes at this year's talks compared to last year, and believes there's a high chance the Bank of Japan (BOJ) will normalise its ultra-loose monetary policy in the near future. This comes as the likelihood of achieving Japan's 2% inflation target rises. However, Tokura is unsure if the policy shift will occur in March.
March 11, 2024
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