A survey by the Finance Ministry showedon Mondaythat about 70% of companies in Japan will raise pay scale in fiscal year 2024, per Japan Times. Additional takeaways “The proportion of companies planning to raise their pay scales stood at 70.7%, up by 6.3 percentage points from the previous year.” “Companies at which pay-scale hikes and regular pay increases will total 5% or more came to 36.5%, nearly doubling from the previous year.” “50.
The BoJ has directly intervened in currency markets sometimes, generally to lower the value of the Yen, although it refrains from doing it often due to political concerns of its main trading partners. The current BoJ ultra-loose monetary policy, based on massive stimulus to the economy, has caused the Yen to depreciate against its main currency peers.