Japan Post Rejects Pay Increase Request Amid Negative Rates

  • Decision affects 224,000 workers at postal and financial group
  • Sub-zero rates may erode interest income at bank and insurer

Japan Post Holdings Co., one of the nation’s biggest employers, rejected its workers’ request to raise salaries, citing the central bank’s negative interest-rate policy.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.