Daiwa to raise base salaries for its staff in Japan for the first time in four years

PM Kishida wants to spread Japan’s economic recovery to wage and salary earners, not just corporations. Daiwa is Japan’s 2nd largest broker and its hiking wages will signal to other firms.

Info comes via a Bloomberg report, link here for a little more (may be gated).

Meanwhile USD/JPY continues its own Santa Clause rally:

usdyen chart 28 December 2021

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