BOJ Looks for Final Piece of Rate Puzzle in Wage Talks Outcome [BNN Bloomberg (Canada)]
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Source: BNN Bloomberg
since 2007 as early as next week, a move that would influence prices on everything from financial assets to mortgages to daily necessities. A wide range of unions will report on this year's pay deals this week, with Wednesday among the heaviest days for announcements. Rengo, the nation's biggest union federation, will give its first tally of annual wage deals reached by employers and labor representatives Friday. Bank of Japan officials will decide whether to raise rates in March after officials see the initial tally from spring wage talks, with the outcome currently too close to call, according to people familiar with the matter. Read More: BOJ Is Said to Mull March Hike With Outcome Too Close to Call The union federation said last week that its affiliated members demanded an average wage increase of 5.85% this year versus 4.49% a year ago, when the process resulted in a preliminary 3.8% bump. Last year's Rengo result was the biggest increase in decades, and if this year's
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