Japan chief cabinet secretary Hayashi says wage rises will spread in Japan

August 6, 2024
-FCHFX

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.

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