The Bank of France: It is expected that wage growth will exceed inflation in 2024-2025, boosting purchasing power and consumer spending.

Analysts commented on the press conference of Bank of Japan Governor Kazuo Ueda: Kazuo Ueda said that it is more likely to achieve the 2% inflation target, which opens the door to canceling the negative interest rate policy.

Bank of Japan Governor Kazuo Ueda: We will continue to communicate closely with the government and implement appropriate monetary policies.

Bank of Japan Governor Kazuo Ueda: We will review not just the data, but also hearings on the virtuous cycle of wages and prices.

Analysts commented on the press conference of Bank of Japan Governor Kazuo Ueda: Kazuo Ueda believes that we will see favorable wage growth next year. These remarks only provided some help to the yen bulls.

Bank of Japan Governor Ueda Kazuo: When determining the intensity of wage growth, not only will it attach great importance to data, but it will also focus on interviews with companies.

Bank of Japan Governor Kazuo Ueda: It still needs to be examined whether the rising wage-price spiral is having an impact on inflation.

Bank of Japan Governor Kazuo Ueda: We are making steady progress towards achieving the 2% inflation target.

Bank of Japan Governor Kazuo Ueda: I hope to pay special attention to changes in service prices.

Bank of Japan Governor Kazuo Ueda: It is important to confirm whether wages and prices are in a virtuous cycle.

Bank of Japan Governor Kazuo Ueda: It still needs to be evaluated whether prices will rise.

Bank of Japan Governor Kazuo Ueda: We will see positive comments on wages next year.

The press conference of Bank of Japan Governor Kazuo Ueda entered the question and answer session.

Bank of Japan Governor Kazuo Ueda: Japan’s economy is gradually recovering.

Market news: The EU will extend its tariff suspension on some US products.