Reuters Japan corporate survey:
That 7% on wage rises is troubling for the Bank of Japan’s inflation goal – the Bank is relying on faster wage growth to propel demand-driven inflation.
Reuters converting the sentiment amongst most firms:
- “I’m afraid there are many mid-sized and small companies
that just can’t make ends meet if they implement wage hikes that
keep pace with inflation,” a manager at a wholesale company
wrote.
Half said the goal was not attainable while 43% said it was
hard to tell.
USD/JPY update, not a lot of movement:
