Toyota says wage negotiations with its labour union will continue. ...Middle East

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Toyota says negotiations with its labour union will continue. The first round of talks concluded on Wednesday. These spring wage negotiations are being awaited by the Bank of Japan. The Bank wants to see solid wage rises to help cement inflation in place 'stably and sustainably'. Only then will the Bank consider tightening policy. Bank of Japan officials say inflation has so far has been driven by cost-push factors. Gains in wages would support 'demand-pull' inflation.Cost-push inflation and demand-pull inflation are two types of inflation that arise from different economic factors. Here's a comparison between the two:Causes:Cost-Push Inflation: Cost-push inflation occurs when there is an i

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Last updated : 21 February 2024 clock 07:08 AM

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Toyota says wage negotiations with its labour union will continue. ...Middle East

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