Japan’s trade union confederation says agreed to average of 3.8% wage hikes for FY2023 | Forexlive

This relates to the result of the “shunto” spring wage negotiations and it beats estimates of those anticipating a number close to or around 3%. This is a massive endorsement towards possibly putting a stop to Japan’s ultra easy monetary policy and will give incoming BOJ governor Ueda plenty to work with to start his tenure.