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.