Japan DPP head says BOJ should avoid big policy change now b/c real wages standing still

October 29, 2024
-FCHFX

October 29, 2024 at 02:11AM
I posted earlier on the talks to bring the Democratic Party for the People (DPP) into coalion with the LDP and Komeito:

Japanese PM Ishiba is reportedly seeking a coalition with DPP

I wondered aloud if DPP would demand an end to BOJ rate hikes as a price for its support. Seems so, yeah.

Japan Democratic Party For People Head Tamaki:

BOJ should avoid big
policy change now with real wages still at standstill

If there is
certainty that wage growth will exceed 4% at next year’s wage
negotiations, BOJ can review monetary policy

Want policymakers to
scrutinise whether real wages stably turns positive in guiding
fiscal, monetary policy

USD/JPY update, on its session lows:

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This article was written by Eamonn Sheridan at www.forexlive.com.

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