Japan: Wage gains, confidence risks and BoJ – Rabobank
Rabobank’s Senior FX Strategist Jane Foley notes Japanese wage data have improved, with unions securing solid ‘shunto’ wage hikes and real wages rising again, supporting the Bank of Japan’s (BoJ) desired virtuous cycle.
The improvement in Japanese wage data and rising real wages may strengthen the yen against other currencies, as it aligns with the BoJ's goals. Expect potential upward pressure on the yen in the forex market.
Rabobank’s Senior FX Strategist Jane Foley notes Japanese wage data have improved, with unions securing solid ‘shunto’ wage hikes and real wages rising again, supporting the Bank of Japan’s (BoJ) desired virtuous cycle.
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