Bank of Japan Governor Kazuo Ueda's remarks at his press conference
- Japan's economy is gradually rebounding
- It should carefully monitor the movements of the foreign exchange market and its impact on the economy and prices
- There is still a need to gauge whether prices will rise in the future
- The need for continued scrutiny of the good cycle of wages and prices
- We will attach great importance to data as well as corporate wage growth
And talk of pay continues to hint at the fact that they are waiting for the outcome of the wage negotiations in the spring before deciding on anything.
That means keeping the status quo until at least March or April next year.
