The impending cancellation of negative interest rates [Economy column]
2024-03-17 00:03:00
On the 15th, the Rengo announced the status of responses to this year's spring struggle. The average wage increase rate for the labor unions of the 771 companies for which management responded was 5.28%, the first time in 33 years that it has exceeded 5%. The Bank of Japan will hold its monetary policy meeting on the 18th and 19th of this week. The Bank of Japan has said it would consider changing its large-scale monetary easing measures, including ending negative interest rates, if the 2% price stability target accompanied by wage increases is expected to be achieved. With executives' perceptions of prices and wages steadily changing, will the results of this spring labor strike be the decisive factor that will push them to make a decision? (Bank of Japan reporting team)
