Japan’s Murai: Gradually seeing positive cycle of rising growth, wages fall into place

Japanese Deputy Chief Cabinet Secretary Hideki Murai said on Tuesday, “Japan is gradually seeing a positive cycle of rising growth; wages fall into place.”

Additional comments

Important to embed new business practices in japan so costs are appropriately passed on throughout supply chain.

Hopes Bank of Japan (BoJ) continues to work closely with government in guiding monetary policy to sustainably meet price target.

Specific monetary policy decision up to BoJ, when asked whether conditions being met to end negative rates.

BoJ has said whether or not to sustain easy monetary policy will depend on economic, price developments at the time.

Market reaction

The Japanese Yen is catching a small bid on the above comments, as USD/JPY loses 0.05% on the day to trade at 150.44, as of writing.