News > Bank of Japan likely to end negative interest rate policy next week

Bank of Japan likely to end negative interest rate policy next week

Japan's largest companies have agreed to raise wages by 5.28 per cent for the year 2024, marking the highest pay hikes in over three decades, as confirmed by the country's largest union group on Friday. The substantial increase in wages this year is seen as a catalyst for policy change, even convincing those cautious about modifying monetary policy, as per a source. This potential shift marks a departure from its extensive stimulus programme.