The Bank of Japan (BoJ) released a full version of its Quarterly Outlook Report on Thursday, noting that “there is a possibility that wages and inflation will exceed expectations, accompanied by rising inflation expectations and a tight labor market.”
Extra points
Pricing behavior is changing in service sector companies as a whole.
It remains to be seen whether the outcome of this year’s tough wage negotiations will be reflected in service prices.
The positive wage-setting behaviour of large companies is steadily spreading to smaller companies.
Market reaction
USD/JPY was last seen trading 0.09% lower on the day at 149.80, unfazed by the earlier headlines.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
