Worldwide monetary establishments and buyers are positioning themselves in anticipation of Japan’s central financial institution ending its experiment with destructive rates of interest. The big corporations present substantial wage will increase.
The UA Zensen union, which represents 1.9 million members, has reached wage agreements with greater than 230 employers. Lower than 20 p.c of workers belong to a union. Right here from the beginning of wage negotiations earlier in March in Tokyo, the place the need to battle was excessive.Photograph: Androniki Christodoulou/Reuters/NTBA stable wage scheme will put an finish to the rate of interest experiment: – A historic occasion
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