Category: Forex News
Japan's Rengō says average wage demands topped 5% for the first time since 1994
In 2023, wage demands were for a 4.49% increase. This year, Rengō is saying that wage demands came in at a whopping 5.85%. That is the first time the figure has exceeded the 5% mark since 1994. The Japanese yen is gaining further on the headline here with USD/JPY now down 0.7% to 148.30 on the day.
This article was written by Justin Low at www.forexlive.com.
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