Mar 11 2024: Masakazu Tokura, the chairman of Japan’s Keidanren business lobby, indicated on Monday a growing momentum for wage increases during this year’s spring labor negotiations compared to the previous year.
Tokura stated that the prospect of reaching an inflation target of approximately 2% is increasing. Moreover, he expressed a strong belief that the Bank of Japan (BOJ) might undertake a normalization of its monetary policy in the near future.
