Japan's economy minister Goto statements following the GDP data earlier;

Remarks:

  • GDP data showed Japan's economy recovering gradually
  • Will take necessary policy response without hesitation with close eye on economic, price developments
  • Achieving sustained wage growth is best way to combat rising inflation
  • Will pursue labour market reform to achieve structural wage growth
goto Japan economy minister

Sustainable wage growth is what the Bank of Japan want too, in order to spur demand-pull inflation.