BOJ's Adachi: Difficult to end negative rates until positive wage-inflation cycle begins

<ul><li>Positive wage-inflation cycle has not happened yet</li><li>But if chances of it happening increases, then we can start discussing exit strategy</li><li>Don't need to necessarily wait for it to turn positive to debate exit from negative rates</li></ul><p>He's certainly trying to keep their options open and that is arguably the wise thing as they already touted the spring wage negotiations next year as being the stepping stone for a policy pivot. It's now a question of following through on that.</p>

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