Japan PM Kishida reiterates that specific monetary policy decisions are up to the BOJ

<ul><li>Government is taking steps to achieve stable wage growth, accompanied by moderate inflation</li><li>This is to end deflation and to create a positive economic cycle</li><li>Hopes that BOJ takes that into account in making monetary policy decisions</li></ul><p>It is clear that they are both aligned already in pushing forward with a policy pivot after the spring wage negotiations. The question that remains, however, is will they be able to stick with said narrative through the year? Some food for thought: <a href="https://www.forexlive.com/news/can-the-boj-beat-the-inflation-clock-20231205/" target="_blank" rel="follow">Can the BOJ beat the inflation clock?</a></p>

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