For the economic recovery to be sustainable, domestic demand needs to strengthen and the consumer prices need to show consistent gains. Both of these factors are most directly influenced by wages.
More Quotes from Takuji Aida:
Consecutive gains of core prices provide strong evidence that Japan is finally shaking off a long bout of deflation. It won't be a surprise if the Bank of Japan makes a policy turn even before April.Takuji Aida
The number is still in line with an overall rising trend.
Takuji Aida
With economic growth being driven by consumer spending, the Bank of Japan will want to end quantitative easing soon to avoid the risk of the economy overheating.
Takuji Aida
We anticipate Japanese companies will try to compete in hiring good workers, driving up wages. Improving employment and rising wages will support demand, prop up economic growth and spur inflation.
Takuji Aida
The Bank of Japan has already laid out a map on how it will alter its policy framework, and financial markets are factoring that in. Opposition from the government and politicians to the central bank will probably continue at least through the end of March.
Takuji Aida
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