Bank of Japan Governor Ueda again.
We don’t necessarily need to wait until real wages actually turn
positive in exiting YCC, negative rates
- 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,
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
This article was written by Eamonn Sheridan at www.forexlive.com.