Japan’s Yata: Must continue wage hikes next year and thereafter to defeat deflation

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Japan’s Yata: Must continue wage hikes next year and thereafter to defeat deflation
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Wakako Yata, a special advisor to Japan's Prime Minister Fumio Kishida for wages and employment, said on Wednesday, “wage hikes this year are likely to exceed last year's.” Additional comments Must continue wage hikes next year and thereafter to defeat deflation.

Wakako Yata, a special advisor to Japan's Prime Minister Fumio Kishida for wages and employment, said on Wednesday, “wage hikes this year are likely to exceed last year's.” Additional comments Must continue wage hikes next year and thereafter to defeat deflation.

Must broaden wage hikes to workers nationwide and in every prefecture. Government won't meddle with BoJ's independent policy-making. Related reads BoJ’s Ueda: Will scrutinize the wage talk outcome and other data in making policy decision USD/JPY Analysis: Bulls shrug off positive Japan wage hike data amid BoJ/Fed uncertainty

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