Bank of Japan Governor Ueda says inflation is dropping back at a rapid pace

the recent recession in Japan follows previous strong quarters
Japan’s economy will continue recovering gradually
Japan firms’ capex plan is strong, which likely to be implemented
eventually
Japan’s economy not
yet in situation where sustained achievement of 2% inflation can be
foreseen
In judging whether
sustained achievement of 2% inflation target can be foreseen, this
year’s annual wage negotiation outcome is key
Compared with when we announced our january report, labor unions have
demanded wage growth higher than last year, big firms seem keen to
hike wages
Want to look at
collective outcome of wage talks, as well as hearings we conduct on
firms

This article was written by Eamonn Sheridan at www.forexlive.com. Source