Japanese Wage Negotiations and the Possibility of Ending Negative Interest Rates

This chapter discusses the ongoing wage negotiations between companies and unions in Japan, and the potential impact on the Bank of Japan's negative interest rate policy. It explores the expectations for higher wage deals, the significance of wage growth for the BOJ, and the need for increased consumption to stimulate the economy. It also compares inflation trends in the US and Japan, highlighting signs of a more normal economy in Japan and potential cautious adjustments to the negative interest rate policy.