- Government, BOJ share common understanding in guiding policy
- Inflation won’t sustainably hit 2% unless accompanied by wage growth
- We will ensure to support the economy in order to achieve that
The emphasis again is on wages and that means everything hinges of the spring wage negotiations in March/April. If that isn’t enough to get the BOJ off their seats, then I don’t see what else will at this point.
This article was written by Justin Low at www.forexlive.com. Source