Yen Weakens on Disappointing Wage Growth Data, Nikkei Soars to 33-Year High

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<p>Release of Japan’s disappointing wage growth data led markets to scale back expectations of an imminent rate hike by BoJ. The continued lag in wages growth behind inflation undermines the prospects of establishing a virtuous cycle of wages and prices, which is a prerequisite to a BoJ policy shift. Although a rate hike in April […]</p>
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