|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||20.77 - 20.86|
|52 Week Range||14.49 - 21.73|
|Beta (5Y Monthly)||0.57|
|PE Ratio (TTM)||31.61|
|Forward Dividend & Yield||0.15 (0.71%)|
|Ex-Dividend Date||Aug 30, 2022|
|1y Target Est||N/A|
Every March, management of major Japanese firms meet with unions for wage talks across industries that set the tone for employees' pay in the new fiscal year. The precedent set at the "shunto" spring wage talks also influences wages at smaller firms that employ seven out of 10 Japanese workers and supply big manufacturers. The outcome will have a huge influence on how soon the Bank of Japan (BOJ) could end ultra-low interest rates, as steady wage hikes are crucial to kick-starting domestic demand and keeping inflation sustainably around its 2% target.
Japan's Nikkei share average ended listless on Thursday as a disappointing Tesla investor day event and the risk of a more-hawkish U.S. Federal Reserve offset support from a weaker yen. The Nikkei reversed early gains to end flat at 27,498.87, although the benchmark index remained around the middle of its trading range of the past five weeks. Fading expectations of an imminent hawkish turn by the Bank of Japan had supported overall sentiment.
Japan's Nikkei share average flipped to a small loss in morning trading on Thursday, weighed down by a disappointing Tesla investor day and the risk of a more hawkish Federal Reserve. The Nikkei lost 0.08% to 27,495.69 by the lunch break, reversing early gains of as much as 0.37%, although the benchmark index remained around the middle of its trading range of the past five weeks. Investors were also spooked by a jump in U.S. Treasury yields to multi-month highs above 4% in Tokyo trading, as Fed officials sparred over whether high rates for longer would be enough to tame stubborn inflation or more aggressive tightening was needed.