Japan chief cabinet secretary Hayashi
- Wage rises will likely spread to part-timers, small businesses toward autumn with strong Shunto results, minimum pay hikes
- No comment on day-to-day share moves
- Says important for govt to make a judgement calmly, when asked about volatile Tokyo stocks
- Closely watching market moves with sense of urgency
- Will closely work with BOJ, conduct economic, fiscal policies thoroughly
- Won't comment on forex levels
- Important for currencies to move stably reflecting fundamentals
- Closely watching fx market moves
Shunto is a Japanese term for the "spring wage offensive". It refers to wage talks held simultaneously every spring by company unions throughout Japan.
