Japan top currency diplomat says cautious about how FX could impact wage growth
Servicii bancare
TOKYO : Japan's top currency diplomat, Atsushi Mimura, on Monday called for caution over how foreign exchange can negatively affect the country's goal of achieving real wage growth. Citing the government's estimate that a 10 per cent depreciation of the yen can push up the inflation rate by 0.3 per cent, Mimura said foreign exchange "can have a decisive effect" on real wages when wage increases hover around zero percent.
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