BOJ's Adachi says any big policy decision will have to wait until next year's wage talks

<ul><li>Will probably need to wait until the start of the next fiscal year in determining wage talks outcome</li><li>The outcome will be crucial in making any big policy decisions</li><li>Does not think BOJ are at the stage to discuss an end to negative rates</li></ul><p>That seems to be the consensus and what markets are also pricing in at the moment, that is the BOJ will use the shuntō in March/April as a springboard to push forward policy tightening. But as a reminder, that was already supposed to be the narrative this year. *coughs*</p>

This article was written by Justin Low at www.forexlive.com.