BoJ Governor Kuroda says tightening labour market will help drive up wages ahead

Bank of Japan Governor Kuroda:

• tightening labour market will help drive up wages ahead
• it is hard to set real wage growth as a monetary target
• there is no need to review the roles of the government and BoJ in the 2013 joint statement

Kuroda's slight conceding on inflation (that wages will rise) is helping USD/JPY lower:

PM Kishida has weighed in, says has agreed with Bank of Japan Governor Kuroda to achieve price target (i.e. 2% sustainable inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term) accompanied by wage growth.