Japan finance minister Aso is bullish on wages

Comments today from Japanese finance minister Aso:

• Economy has changed
• Labour environment has shifted
• Wage environment has changed

Japanese authorities have been wanting wages to rise for years now - the thinking is that this will spur spending and (for the Bank of Japan goal) also inflation. So Aso may be seeing what he wants to see. Or maybe not.

If he is right it will be read as the period of extraordinary BOJ monetary easing drawing to close. But I won't be holding my breath.

USD/JPY has shifted a few wee points lower from its session high.