December 19, 2024 at 06:31AM
Japan economy still faces many uncertainties
Prices remain high
Must pay attention to financial, FX markets and their impact on economy, prices
FX impact has become larger than in the past as firms are more eager to raise wages, prices
Will keep adjusting degree of policy easing depending on economic, price outlook
Need more data on wages outlook and more information on wage trends
Uncertainties surrounding US economic policies remain large
Will guide policy from standpoint of sustainably and stably achieving price target
If the call here is to keep waiting on wages, then there could be a line of thinking that they might wait until the spring wage negotiations again before making up their minds. USD/JPY is pushing higher now, up 0.5% to 155.60 on the day.
This article was written by Justin Low at www.forexlive.com.
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