Japan's Economy Minister discusses Q3 GDP data - start of a wage and price cycle

Japan Economy Minister Akazawa was asked about the revised Q3 GDP data:

• says while Japan has not emerged from deflation, a virtuous cycle of wage hikes and passing-through of prices has begun

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This data was released on Monday, a bit of welcome new for Japan:

• Japan Q3 Revised GDP +0.3% q/q (prelim was +0.2%)