BOJ survey shows wage growth spreading among small-medium Japanese firms due to labour shortages and inflation efforts.
A Bank of Japan (BOJ) survey reveals wage growth is spreading among small and medium-sized Japanese firms in response to labour shortages and efforts to help employees tackle inflation. The momentum to raise wages could lead to another interest rate hike by the central bank. This trend marks a shift in wage growth, which typically lags behind large companies in Japan.
July 12, 2024
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