Japan’s Finance Minister Shunichi Suzuki said on Wednesday that “The government’s objective is to ensure that the rate of wage increases is higher than inflation.”
Additional comments
The government will discuss the fate of the joint Bank of Japan-government statement with the new Bank of Japan governor, so it is premature to comment on the details.
The Government and the BoJ share the view that it is important to achieve salary increases.
The current joint statement stipulates that the BoJ’s objective is achieve price rises accompanied by wage increases.
For his part, the Japanese Chief Cabinet Secretary, Hirokazu Matsuno, has stated that “they hope that the movement of wage increases among large companies will influence small, medium and regional companies“.
Source: Fx Street
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