Japan's "shunto" reports success: wages have increased by over 5% for three consecutive years, a rare momentum in 30 years, supporting the central bank to raise interest rates.

According to the Zhuatong Financial APP, the annual spring labor-management negotiations in Japan (known as "Shunto") have officially concluded. The average salary increase in this round has exceeded 5% for the third consecutive year, which not only confirms the resilience of the country's economy, but also further strengthens market expectations that the Bank of Japan will continue to raise interest rates.