Yen up as news on wages in Japan filters out – wage hikes enough for the BoJ to hike too?

The latest news to dribble out is that GS Yuasa has agreed to union wage rise demands in full.

• Mitsubishi Heavy to raise wages by an average of 8.3%, an 18,000 yen base pay increase
• Nissan Motor responded to Union’s wage hike demand in full
• Nippon Steel responded to Union’s wage hike demand in full

Earlier:

• Japan wage talks – Toyota responds to Union wage hike demand in full
• More on Japan wage talks – Okuma Corp hikes wages by 15,960yen (Union demand was 18,215)

The USD/JPY response is subdued:

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