Japan Rapid Response Japan Labour Cash Earnings (Jan. 25) Regular pay growth surged in January and with this year’s spring wage negotiations set to result in stronger pay hikes than last year, wage growth will pick up further over the course of the year 9th March 2025 · 2 mins read
Japan Rapid Response Japan 2025 spring wage negotiations (Shunto) wage request With Japan’s trade unions requesting an even larger pay hike in this year’s spring wage negotiations (Shunto) than they did a year ago, we now expect the negotiations to result in a base pay hike of... 6th March 2025 · 2 mins read
Event Japan Drop-In: The Shunto, the Bank of Japan and the inflation and policy outlook 1741939200 Will the Bank of Japan be doing a victory lap this year in its quest to get inflation sustainably to 2%?
Japan Rapid Response Japan Retail Sales & Industrial Production (Jan. 25) & Tokyo CPI (Feb. 25) The January activity data suggest that GDP will have fallen this quarter, but that would follow strong gains in previous quarters. With inflation set to overshoot the Bank of Japan’s forecasts, we... 28th February 2025 · 2 mins read
Japan Rapid Response Japan Flash PMIs (February 25) The further rebound in the composite PMI in February coupled with the persistent strength in manufacturing output prices suggests that the Bank of Japan won’t wait long before hiking rates again 21st February 2025 · 2 mins read
Japan Rapid Response Japan Consumer Prices (Jan. 25) The acceleration in headline inflation and strength in underlying inflation in January should add to the Bank of Japan’s confidence that it can continue its tightening cycle over the coming quarters... 20th February 2025 · 2 mins read
Emerging Europe Rapid Response US-Russia talks don’t signal near-term end to the war The decision by the US and Russia to “lay the groundwork” to end the war in Ukraine marks a potentially significant turning point after three years of conflict. Negotiations will take time and the... 18th February 2025 · 2 mins read
Japan Rapid Response Japan Labour Cash Earnings (December 24) Regular earnings growth will hold strong at just under 3% for most of this year Growth in base pay rose the most since 1992 in December, and we think it will continue to hold strong in this year... 4th February 2025 · 2 mins read
Japan Rapid Response Japan Activity & Labour Market (Dec. 24) & Tokyo CPI (Jan. 25) The end-month data rush vindicates the Bank’s decision to lift its policy rate last week and suggests that further tightening over the coming months is likely. 31st January 2025 · 2 mins read
Japan Rapid Response Japan Flash PMIs (Jan. 25) The continued rise in the composite PMI to its highest point since Q3 last year supports our view that activity will pick up again this quarter. Today’s flash estimate showed that the manufacturing... 24th January 2025 · 2 mins read
Japan Rapid Response Japan Consumer Prices (Dec. 24) The acceleration in headline inflation and strength in underlying inflation in December should add to the Bank’s confidence that it can resume rate hikes today and over the coming months. In December... 23rd January 2025 · 2 mins read
Japan Rapid Response Japan Labour Cash Earnings (November 24) Growth in base pay rose to its highest figure since 1992 in November, and we think that it will continue to hold strong through to this year. According to today’s preliminary estimate, labour cash... 8th January 2025 · 2 mins read
