Wage increases in the 2024 spring wage talks are expected to substantially exceed last year's level, increasing the likelihood that the BOJ will discuss ending its negative interest rate policy at its monetary policy meeting on 18-19 March.
The outlook for the 2024 spring wage talks is increasingly pointing to wage increases substantially exceeding last year's level, as companies adopt a stronger stance toward raising wages.
At the BOJ's monetary policy meeting on 18 and 19 March, the central bank is expected to consider its exit strategy, including ending its negative interest rate policy.
These developments are being viewed as a factor encouraging the BOJ to act, and attention is focused on the outlook ahead through Governor Ueda (植田)'s press conference.