Bank of Japan Governor Ueda says when CPI sustainably hits 2% wages likely to be rising at around the same, or higher, pace. This seems a rather optimistic view from Ueda. Wages in Japan have been badly lagging inflation. Nothing further at this stage, although Ueda is scheduled to speak at 0835 GMT (0335US Eastern time) (full story)

Bank of Japan (BoJ) Governor Kazuo Ueda said on Thursday, “when inflation sustainably hits 2%, wages are likely to be rising at around the same pace or higher.” Additional quotes: "Companies becoming more active in raising prices, wages than before. Whether wage hikes will broaden and become embedded in society, firms begin to hike prices on prospects of rising wages, will be key to judging whether inflation target will be met sustainably. We will maintain negative rate, ycc framework until sustained achievement of 2% inflation comes into sight. In what order we will end these policies will depend on economic, price ... (full story)