By Megumi Fujikawa
Bank of Japan Gov. Kazuo Ueda mentioned Wednesday that the financial institution might take into account unwinding its financial easing earlier than the tempo of wage progress exceeds that of inflation.
The central financial institution might tweak its yield curve management or damaging rates of interest earlier than inflation-adjusted wages flip constructive, Ueda mentioned in Parliament on Wednesday. Before making such a choice, the financial institution must be assured “with sufficient certainty” that the virtuous cycle of wages and costs are working, he added.
Wages adjusted for inflation declined in September for the 18th straight month.
Write to Megumi Fujikawa at megumi.fujikawa@wsj.com
Source web site: www.marketwatch.com
