Japan Labor Union Federation (Rengo) provides first estimate of Shunto meeting results with wage increase +5.3% Y/Y - the highest increase in 33 years
Previously, G20 only expected an increase >4%, while last year's increase was only 3.6 - 3.8% but sufficient to keep Japan's inflation above 2% (green line).
BOJ will meet next Monday - meeting results to be announced on Tuesday:
