Japan’s Yata: Must continue wage hikes next year and thereafter to defeat deflation

Source Fxstreet

Wakako Yata, a special advisor to Japan's Prime Minister Fumio Kishida for wages and employment, said on Wednesday, “wage hikes this year are likely to exceed last year's.”

Additional comments

Must continue wage hikes next year and thereafter to defeat deflation.

Must broaden wage hikes to workers nationwide and in every prefecture.

Government won't meddle with BoJ's independent policy-making.

Related reads

  • BoJ’s Ueda: Will scrutinize the wage talk outcome and other data in making policy decision
  • USD/JPY Analysis: Bulls shrug off positive Japan wage hike data amid BoJ/Fed uncertainty
Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Bitcoin Price Forecast: BTC slips below $110,000, wiping out over-leverage traders Bitcoin (BTC) hovers around $110,100 at the time of writing on Tuesday after closing below a key support level the previous day, triggering massive liquidations across the market.
Author  FXStreet
9 hours ago
Bitcoin (BTC) hovers around $110,100 at the time of writing on Tuesday after closing below a key support level the previous day, triggering massive liquidations across the market.
placeholder
Gold eases from $3,385 highs as Fed’s Cook refuses to resignGold‘s rally from Monday’s lows at $3,350 has been capped on Tuesday after hitting fresh two-week highs at $3,385.
Author  FXStreet
9 hours ago
Gold‘s rally from Monday’s lows at $3,350 has been capped on Tuesday after hitting fresh two-week highs at $3,385.
placeholder
Intel Warning: Government Stake Could Be a Double-Edged Sword, Threatening Global Sales and Subsidy ChainsU.S. chip giant Intel (INTC.US) stating that its $8.9 billion equity deal with the federal government could pose multiple risks to its business.
Author  TradingKey
10 hours ago
U.S. chip giant Intel (INTC.US) stating that its $8.9 billion equity deal with the federal government could pose multiple risks to its business.
placeholder
Whales move from Bitcoin to Ethereum with $2.5B stakedWhales are rotating from old BTC holdings into ETH, signaling ongoing expectations of a market recovery and more relevance for Ethereum.
Author  Cryptopolitan
10 hours ago
Whales are rotating from old BTC holdings into ETH, signaling ongoing expectations of a market recovery and more relevance for Ethereum.
placeholder
Bitcoin Struggles at $110,000 as Traders Pull Back Across MarketsBitcoin is trading 10% below its all-time high, pressured by heavy profit-taking that has wiped out some of its value since August 14.
Author  Beincrypto
10 hours ago
Bitcoin is trading 10% below its all-time high, pressured by heavy profit-taking that has wiped out some of its value since August 14.
Related Instrument
goTop
quote