- Analytics
- News and Tools
- Market News
- BoJ’s Ueda: We need to have more conviction that wages will keep rising
BoJ’s Ueda: We need to have more conviction that wages will keep rising
Bank of Japan (BoJ) Governor Kazuo Ueda said on Monday, “we need to have more conviction that wages will keep rising, rising wages lead to service prices and the economy remains strong, to ponder exit from easy policy.”
Ueda said, “there will always be new information coming in, so at any meeting there is a chance of making a certain decision,” when asked about the chance of BoJ foreseeing inflation sustainably hitting 2% target at the next policy meeting in December.
He said that “don't expect 10-year JGB yield to rise sharply above 1% even after last week's YCC tweak.”
Meanwhile, the Nikkei Asian Review is reporting that Japan's largest industrial union UA Zensen is seeking a 6% of total wage increase at next spring negotiations.
Market reaction
The above comments fail to move the needle around the Japanese Yen, as the USD/JPY pair is currently trading 0.17% higher on the day at 149.63.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
