Ex-BoJ’s Momma: BoJ to wait until August to gauge wages – MNI BOJ CentralBanks Inflation Prices USDJPY
Chief Economist, Kazuo Momma, said in an MNI interview on Wednesday, the Bank of Japan will have to wait until August to gain good insight into whether wage increases are gaining traction."As for wages, the most typical data is the government's monthly labor survey. The BOJ is focused on macro-economic data and the bank cannot assess overall wages through only one month of data.”
“Bank officials are also closely watching the process of spring wage negotiations, which offer very important information, and the scale of wage hikes in fiscal 2023.” "Manufacturers may weaken in the wake of a slowdown of overseas economies but a steady economic recovery on a whole is projected.” If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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