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Japan's central bank raised interest rates on Tuesday for the first time since 2007, ending the world's only negative rates regime and other unconventional policy easing measures enacted over the course of the last few decades to combat deflation.
Goldman Sachs now expects the Bank of Japan to raise interest rates for the first time in 17 years at its March meeting this week, bringing forward its previous forecast for an April decision.
TOKYO: Japan's biggest companies agreed to raise wages by 5.28 per cent for 2024, the heftiest pay hikes in 33 years, the country's largest union group said on Friday (Mar 15), reinforcing views that the county's central bank will soon shift away from a decade-long stimulus programme.
TOKYO -- Japan's largest labor confederation said Friday that its member unions won an average 5.28% increase in wages this year, the biggest raise since 1991, providing impetus for a possible interest rate hike by the Bank of Japan next week.
Japan's largest federation of trade union, Rengo, on Friday said that workers at the country's biggest firms are set for the sharpest wage spike in more than three decades, setting the stage for the central bank to exit the world's last negative rates regime.
TOKYO -- The Bank of Japan will discuss whether to end its negative interest rate policy at a meeting that starts Monday, Nikkei has learned, as pay hikes by major companies bring the central bank's 2% price stability target within reach.
This is CNBC's live blog covering European markets.
Russian President Vladimir Putin has given a wide-ranging interview to the Russian press a few days ahead of the presidential election, which will see Putin elected to another six years in power — short of a miraculous change in the immediate course of Russian politics.