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Japan’s economy minister urges sustainable wage growth | Forexlive

Japan’s economy minister Goto statements following the GDP data earlier;

Remarks:

  • GDP data showed Japan’s economy recovering gradually
  • Will take necessary
    policy response without hesitation with close eye on economic, price
    developments
  • Achieving sustained
    wage growth is best way to combat rising inflation
  • Will pursue labour
    market reform to achieve structural wage growth

Sustainable wage growth is what the Bank of Japan want too, in order to spur demand-pull inflation.