BOJ governor Ueda expects Japan's real wages, consumption to gradually improve

  • Further remarks on the day by Ueda
BOJ AI
  • That as the rise of import costs is seen moderating
  • And also as wage growth is expected to stay strong

This just adds to his earlier remark of expecting underlying inflation to gradually pick up further in due time. The remarks here are pretty much just planting the seeds for a stronger rhetoric when the spring wage negotiation results are more definite.

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