August 06, 2024 at 03:10AM
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.
This article was written by Eamonn Sheridan at www.forexlive.com.