Capital Economics: Wage pressures may prompt the Bank of Japan to raise rates again in May

Odaily News The Bank of Japan may raise interest rates again in May, much earlier than most people expect. Marcel Tilliente, an economist at Capital Economics, said the rate hike comes at a time when people are concerned about growing wage pressures. With companies facing severe labor shortages, this year's spring wage negotiations are likely to be strong again. This should prompt the Bank of Japan to raise interest rates before the market currently expects. (Jinshi)