Japan’s Suzuki: Japan can see inflation-adjusted real wages turn positive by June 2024

Japanese Finance Minister Shunichi Suzuki on Wednesday, I “see June next year as critical timing where Japan can see inflation-adjusted real wages turn positive.”

We do not expect tax cut, which is part of the scheduled economic package, to continue for several years.” Suzuki added.

Market reaction

At the time of writing, USD/JPY is trading at 150.54, adding 0.14% on the day.

Nov 8, 2023

NZD/USD hangs near weekly low, 0.5900 remains in sight ahead of Fed Chair Powell’s speech

The NZD/USD pair struggles to capitalize on the overnight late rebound from the 0.5910 area, or the weekly low and remains on the defensive through the Asian session on Wednesday.

PBOC Governor Yi: China's 5% growth target expected to be successfully achieved

Yi Gang, Governor of the People's Bank of China (PBOC), said in a statement on Wednesday, “China's economy continues to improve, 5% growth target is expected to be successfully achieved.” Additional quotes Shifting economic growth model is more important than pursuing high growth rate - securities times.