Bank of Japan Governor Ueda again.
-
We don’t necessarily need to wait until real wages actually turn
positive in exiting YCC, negative rates - If we think there is
strong chance real wages will turn positive in the future, that may
be sufficient in making decision on whether to continue with YCC,
negative rate
-
We need to confirm whether pass-through of import prices dissipate,
and whether wage-inflation cycle kicks off as we expect, when asked
on what conditions need to be met to end YCC, negative rates
Earlier, Ueda has hardly taken a breath today it seems:
- BOJ Gov Ueda says its important to raise labour productivity to push real wages up
- BOJ Ueda says YCC policy side effect risk is of greater market, including FX, volatility
This article was written by Eamonn Sheridan at www.forexlive.com.
