More from Bank of Japan Governor Ueda
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There is no statistical evidence that interest rate levels have
direct correlation with wage moves - Longer run, it’s
important to heighten labour productivity to push up
inflation-adjusted real wages - As for monetary
policy, it can help raise wages via tighter labour market conditions
by keeping real interest rates low and stimulating economy
Earlier here:
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Also, remarks from Japan finance minister Suzuki:
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See June next year as critical timing where Japan can see
inflation-adjusted real wages turn positive - We do not expect tax
cut, which is part of scheduled economic package, to continue for
several years
Ueda and Suzuki
This article was written by Eamonn Sheridan at www.forexlive.com.
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