More from Bank of Japan Governor Ueda – important for wages to keep rising

<p>Bank of Japan Governor Ueda:</p><ul><li>
BOJ to work closely with govt while monitoring currency, financial
market moves</li><li>
Service
spending increasing moderately as a trend</li><li>
What's
important from here is for wages to keep rising and underpin
consumption</li></ul><p>

Ueda hasn't stopped talking. Earlier:</p><ul><li><a href="https://www.forexlive.com/centralbank/boj-gov-ueda-accommodative-financial-conditions-stimulus-is-supporting-japans-economy-20231207/" target="_self">BOJ Gov Ueda: Accommodative financial conditions, stimulus is supporting Japan's economy</a></li><li><a href="https://www.forexlive.com/centralbank/boj-gov-ueda-says-japans-situation-will-become-even-more-challenging-in-2024-20231207/" target="_self">BOJ Gov Ueda says Japan's situation will become even more challenging in 2024</a></li></ul><ul><li><a href="https://www.forexlive.com/centralbank/boj-gov-ueda-on-what-on-target-inflation-means-to-him-includes-wage-growth-above-2-20231207/" target="_self">BOJ Gov Ueda on what on target inflation means to him, includes wage growth above 2%</a></li></ul><p>While Ueda has given no indication of a timing of exit from loose policy, indeed even saying its still too early talk about a simulation study given the trend he sees for inflation is for it below 2%, the very fact that he is talking what will happ[en when exit occurs ahs been enough to see yen rally on the session. </p>

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