Bank Of Japan May Raise Interest Rates In May Amid Wage Pressure

According to Odaily, the Bank of Japan might increase interest rates in May, earlier than most anticipate. Economist Marcel Thieliant from Capital Economics noted that this potential rate hike comes amid concerns over rising wage pressures. With companies experiencing significant labor shortages, this year's spring wage negotiations are expected to be robust, potentially prompting the Bank of Japan to act sooner than the market currently expects.