Japan's Akazawa says wage-price cycle progressing but full shift not yet achieved
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Comments from Japan Econ Minister Akazawa
- Japan Economy Minister Akazawa: Japan making steadily progress toward achieving a cycle of rising wages and prices.
- Japan Economy Minister Akazawa: Japan on cusp of shifting to economy where prices rise accompanied by wage hikes, but not quite there yet.
- Japan Economy Minister Akazawa: Specific monetary policy up to BOJ to decide.
- Japan Economy Minister Akazawa: Confirmed with BOJ Governor Ueda that Govt, BOJ will work closely on view ending deflation is top priority.
- Japan Economy Minister Akazawa: We trust BOJ's decision on adjusting degree of monetary support in accordance to economy, price developments.
- Japan Economy Minister Akazawa: BOJ Ueda told us they will adjust degree of monetary support if economy moves in line with forecast, but that they can afford to spend time making that decision.
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