Japanese Deputy Cabinet Secretary Hideki Murai said on Tuesday: “Japan is gradually witnessing a positive cycle of upward growth; salaries are adjusted“.
Additional comments
It is important to integrate new business practices in Japan so that costs are appropriately passed along the entire supply chain..
He trusts that the Bank of Japan (BoJ) will continue to work closely with the Government in guiding monetary policy to sustainably achieve the price target.
The concrete decision on monetary policy depends on the BoJ, when asked if the conditions for ending negative rates are met.
The BoJ has said that whether or not to maintain loose monetary policy will depend on economic and price developments at that time.
Source: Fx Street
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