BOJ Gov Ueda: Won’t necessarily wait for for positive real wages to exit YCC, neg rates

Bank of Japan Governor Ueda again.

  • We don’t necessarily need to wait until real wages actually turn
    positive in exiting YCC, negative rates
  • If we think there is
    strong chance real wages will turn positive in the future, that may
    be sufficient in making decision on whether to continue with YCC,
    negative rate
  • We need to confirm whether pass-through of import prices dissipate,
    and whether wage-inflation cycle kicks off as we expect, when asked
    on what conditions need to be met to end YCC, negative rates

Earlier, Ueda has hardly taken a breath today it seems:

This article was written by Eamonn Sheridan at Source