More from Bank of Japan Governor Ueda – important for wages to keep rising

Bank of Japan Governor Ueda:

  • BOJ to work closely with govt while monitoring currency, financial
    market moves
  • Service
    spending increasing moderately as a trend
  • What’s
    important from here is for wages to keep rising and underpin

Ueda hasn’t stopped talking. Earlier:

While Ueda has given no indication of a timing of exit from loose policy, indeed even saying its still too early talk about a simulation study given the trend he sees for inflation is for it below 2%, the very fact that he is talking what will happ[en when exit occurs ahs been enough to see yen rally on the session.

This article was written by Eamonn Sheridan at Source