Following the Japanese wage hike outcome, Bank of Japan (BoJ) Governor Kazuo Ueda is out on the wires, noting that “we will scrutinize the wage talk outcome, as well as other data and information from our hearings, in making policy decisions.”
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We will consider tweaking negative rate, YCC and other monetary easing tools if sustained achievement of our price target comes into sight.
We must scrutinisz whether positive wage-inflation cycle emerges, in deciding whether conditions for phasing out stimulus are falling into place.
This year's wage negotiation is critical in deciding timing on exit from stimulus.
Unions have demanded higher pay, we are seeing many corporate management making offers that will stream in today and beyond.
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