Japan PM Ishiba: Need to achieve wage gains that exceed pace of inflation

Japan Prime Minister (PM) Shigeru Ishiba said on Tuesday that “we need to achieve wage gains that exceed pace of inflation, which is imminent task and key growth strategy for Japan.”

Additional quotes

"Will compile measures to push up Japan’s minimum wage by May."

"We will deploy all available means to broaden wage hikes across the country."

Market reaction

At the press time, USD/JPY loses 0.13% on the day to trade near 149.80.