Posted 3/17/2024, 8:30:00 PM
Japanese Business Leaders Welcome End of Negative Rates, See Higher Prices and Wages Ahead
- Japanese CEOs expect higher prices and wages as BOJ ends negative interest rates
- Rate hike seen as "just a matter of time" to normalize economy and boost inflation
- Companies anticipate being able to raise prices once economy improves
- Average wage increases hit 5.3%, highest in 30 years, supporting case for rate hike
- Stronger yen from rate hike may reduce costs for some exporters and retailers
