Japan chief cabinet secretary Hayashi
Wage rises will likely spread to part-timers, small businesses toward
autumn with strong Shunto results, minimum pay hikes
No comment on day-to-day share movesSays important for
govt to make a judgement calmly, when asked about volatile Tokyo
stocksClosely watching
market moves with sense of urgencyWill closely work
with BOJ, conduct economic, fiscal policies thoroughlyWon’t comment on
forex levelsImportant for
currencies to move stably reflecting fundamentalsClosely watching fx
market moves
Shunto is a Japanese term for the “spring wage offensive”. It refers to wage talks held simultaneously every spring by company unions throughout Japan.
This article was written by Eamonn Sheridan at www.forexlive.com.
