Japan – Keidanren business lobby head says aiming for wage hikes to outpace inflation

<p>Chairman Tokura of Keidanren (Japan Business Federation) says aiming for wage hikes that outpace inflation in this year's labour talks</p><ul><li>The lobby group's vice-chair Koji adds that firms must improve productivity to secure sources for sustainable wage hikes</li></ul><p>**</p><p>Keidanren is a significant organisation in Japan with close links to Japan’s ruling Liberal-Democratic Party. It provides advice to the government on economic issues.</p><p>The Bank of Japan also want to see significant wage hikes in the Spring talks. The Bank wants higher wages to propel demand-pull inflation. You can find the latest from the BOJ (on the policy decision, outlook and press conference) here from Tuesday:</p><ul><li><a href="https://www.forexlive.com/news/forexlive-asia-pacific-fx-news-wrap-china-mulls-278bn-stock-rescue-package-boj-on-hold-20240123/" target="_blank" rel="follow" data-article-link="true">ForexLive Asia-Pacific FX news wrap: China mulls $278bn stock rescue package. BOJ on hold.</a></li><li><a href="https://www.forexlive.com/news/forexlive-european-fx-news-wrap-yen-gains-on-ueda-presser-then-gives-it-all-back-20240123/" target="_blank" rel="follow" data-article-link="true">ForexLive European FX news wrap: Yen gains on Ueda presser, then gives it all back</a></li></ul>

This article was written by Eamonn Sheridan at www.forexlive.com.