Japan’s Murai: Gradually seeing positive cycle of rising growth, wages fall into place

Dhwani Mehta FXStreet

Japanese Deputy Chief Cabinet Secretary Hideki Murai said on Tuesday, “Japan is gradually seeing a positive cycle of rising growth; wages fall into place.”

Additional comments

Important to embed new business practices in japan so costs are appropriately passed on throughout supply chain.

Hopes Bank of Japan (BoJ) continues to work closely with government in guiding monetary policy to sustainably meet price target.

Specific monetary policy decision up to BoJ, when asked whether conditions being met to end negative rates.

BoJ has said whether or not to sustain easy monetary policy will depend on economic, price developments at the time.

Market reaction

The Japanese Yen is catching a small bid on the above comments, as USD/JPY loses 0.05% on the day to trade at 150.44, as of writing.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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