Bank of Japan Governor:We need to be more confident that wages will continue to rise

On Monday,How much is 0 in Bitcoin wallet? Bank of Japan Governor Haruhiko Kuroda stated, "We need to be more convinced that wages will continue to rise, wage increases will lead to higher service prices, and the economy will remain strong before considering an exit from accommodative policies."


When asked if the Bank of Japan could foresee achieving its 2% inflation target at the December policy meeting, Kuroda said, "There will always be new information, so it is possible to make certain decisions at any meeting."


Kuroda also mentioned, "Even after the adjustment in the control of the yield curve policy last week, we expect that the yield on 10-year U.S. Treasury bonds will not significantly exceed 1%."


Meanwhile, according to Nikkei Asian Review, Japan's largest industrial union, UA Zensen, is seeking a 6% increase in the total wage amount in next year's spring negotiations.


Market Reaction:The above remarks had no impact on the movement of the Japanese yen, with USD/JPY currently up 0.17% at 149.63.