- Always mindful of risks of real wages falling, consumption languishing
- But expect real wages to turn positive if wage growth momentum continues
Well, the Covid pandemic has really given Japan a get-out-of-jail-free card. Before 2020 if you’d say the BOJ would be able to raise interest rates before 2025, you’d look like an absolute clown. But look at where we are now.
This article was written by Justin Low at www.forexlive.com. Source