Japanese automobile union warns: if the central bank raises interest rates this week and causes the yen to rise sharply, it will endanger next year's "spring wage negotiations".

Zhixin Finance APP learned that the head of the Japanese automobile industry union expressed concerns that if the central bank, as widely expected by the market, raises the benchmark interest rate on Friday, it could affect companies' ability to raise wages in the next fiscal year. Akihiro Kaneko, the chairman of the Japan Automobile Workers' Union Federation, said in an interview on Tuesday: "If the decision of the Bank of Japan causes a significant appreciation of the yen after Friday, it could affect business confidence." He added: "Severe exchange rate fluctuations will make it more difficult for exporters to implement wage increases, as expected profits will disappear." At the same time, he pointed out that if the changes are moderate, companies should be able to adapt.