Group 1 - The Bank of Japan (BOJ) has maintained its interest rate at 0.5% but has indicated a potential rate hike in December or January, influenced by wage momentum and yen movements [1][2][3] - The BOJ revised its growth forecast upward and remains optimistic about Japan's recovery, despite global uncertainties [2] - Governor Ueda emphasized the importance of "initial momentum" in wage negotiations for determining the timing of a rate hike, suggesting action may not wait for March wage results [3][4] Group 2 - Upcoming data, including corporate earnings and the BOJ's "tankan" business survey, will provide insights into next year's wage outlook before the December policy meeting [4] - The largest labor union in Japan is seeking wage increases of 5% or more in 2026, indicating a trend of significant pay raises despite external challenges [4] - There is internal pressure within the BOJ for a rate hike, with some board members advocating for an increase to 0.75% [5][6]

The union representing Air Canada's flight attendants requested a cancellation of mediation after members voted against a wage agreement earlier this month, a spokesperson said Tuesday.A representative for the Canadian Union of Public Employees (CUPE) confirmed the request to CBC News, saying that the union "saw no evidence" that mediation would yield an acceptable result on wage increases for its members."The union is therefore seeking an expedited process that will put money in our members' pockets and co ...