BOJ Gov Ueda: Won't necessarily wait for for positive real wages to exit YCC, neg rates

<p>Bank of Japan Governor Ueda again. </p><ul><li>
We don't necessarily need to wait until real wages actually turn
positive in exiting YCC, negative rates</li><li>If we think there is
strong chance real wages will turn positive in the future, that may
be sufficient in making decision on whether to continue with YCC,
negative rate</li></ul><ul><li>
We need to confirm whether pass-through of import prices dissipate,
and whether wage-inflation cycle kicks off as we expect, when asked
on what conditions need to be met to end YCC, negative rates</li></ul><p>Earlier, Ueda has hardly taken a breath today it seems:</p><ul><li><a href="https://www.forexlive.com/news/boj-gov-ueda-says-its-important-to-raise-labour-productivity-to-push-real-wages-up-20231108/" target="_self">BOJ Gov Ueda says its important to raise labour productivity to push real wages up</a></li></ul><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" data-article-link="true">BOJ Ueda says YCC policy side effect risk is of greater market, including FX, volatility</a></li></ul>

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