TOKYO -- The yen briefly reached the 147 range against the dollar on Thursday, the strongest level since early October, boosted by yen buying and dollar selling in anticipation of the Bank of Japan raising interest rates and narrowing the rate differential with the U.S.
The Japanese Trade Union Confederation said Thursday that the average wage increase requested by its affiliated unions in the 2025 spring labor-management negotiations was 6.09%, exceeding 6% for the first time since 1993. The confederation, known as Rengo, is the nation's largest labor organization.
