HOME > NATION > Article

Text Size

small

medium

large


Ample Info Suggests Big Wage Hikes in '24 Shunto: BOJ Uchida

Ample Info Suggests Big Wage Hikes in '24 Shunto: BOJ Uchida

   Nara, Feb. 8 (Jiji Press)--The Bank of Japan has gathered ample information suggesting that wage hikes to be agreed in the 2024 "shunto" spring wage negotiations will be even bigger than last year, Deputy Governor Shinichi Uchida said Thursday.
   At a press conference in the western city of Nara, Uchida said that the shunto talks are "a key factor" in deciding whether the BOJ will end its negative interest rate policy.
   Once the central bank becomes sure of reaching its 2 pct inflation target, it will consider what to do with its current monetary policy framework, Uchida said. The framework features what the bank calls the yield curve control, which puts the short-term policy rate at minus 0.1 pct and caps long-term interest rates at 1.0 pct.
   Uchida denied that the central bank will abruptly pull the plug on Japanese government bond purchases, conducted to keep the long-term rates at very low levels.
   He reiterated that the BOJ will continue buying JGBs to some extent even after abolishing the yield curve control, in order to suppress any sharp rises in long-term rates.

To read a full story, please click here to find out how to subscribe.

NATION

HEADLINES

POLITICS
Okinawa Govt Appeals to Supreme Court over Henoko Base Construction
ECONOMY
Nikkei 225 Soars above 39,000 to Rewrite All-Time Closing High after 3 Decades
SPORTS
Ski Jumping Men: Kasai, 51, to Join World Cup for 1st Time in 4 Seasons
OTHER
1st Court Hearing Held on Govt Request for Unification Church Breakup Order

AFP-JIJI PRESS NEWS JOURNAL


Photos