BOJ Gov Ueda says its important to raise labour productivity to push real wages up

<p>More from Bank of Japan Governor Ueda </p><ul><li>
There is no statistical evidence that interest rate levels have
direct correlation with wage moves</li><li>Longer run, it's
important to heighten labour productivity to push up
inflation-adjusted real wages</li><li>As for monetary
policy, it can help raise wages via tighter labour market conditions
by keeping real interest rates low and stimulating economy</li></ul><p>Earlier here:</p><ul><li><a href="https://www.forexlive.com/centralbank/boj-ueda-says-ycc-policy-side-effect-risk-is-of-greater-market-including-fx-volatility-20231108/" target="_blank" rel="follow" data-article-link="true">BOJ Ueda says YCC policy side effect risk is of greater market, including FX, volatility</a></li></ul><p>—</p><p>Also, remarks from Japan finance minister Suzuki:</p><ul><li>
See June next year as critical timing where Japan can see
inflation-adjusted real wages turn positive</li><li>We do not expect tax
cut, which is part of scheduled economic package, to continue for
several years</li></ul><p>Suzuki expects positive real wages in June. Sheesh. How long after that until wages start boosting inflation? If they do. BOJ loose forever?</p><p>Ueda and Suzuki</p>

This article was written by Eamonn Sheridan at www.forexlive.com.