Japan’s PM Kishida: To mobilize all policy steps to ensure wage growth

Market news

21 June 2023

Japan’s PM Kishida: To mobilize all policy steps to ensure wage growth

Japanese Prime Minister Fumio Kishida is sounding upbeat on the nation’s economic outlook, in his speech on Wednesday.

Key quotes

We can't miss chance to increase wages.

To mobilize all policy steps to ensure wage growth.

Positive moves are appearing in Japan's economy.

Will create new investment package for areas including semiconductors and energy.

Aiming for a V-shaped recovery in inbound tourists by 2025.

Market reaction

USD/JPY is off the highs, consolidating at around 142.00 ahead of Fed Chair Jerome Powell’s testimony. The spot is up 0.40% on a daily basis.

Currencies. Daily history for Wednesday, June 21, 2023

Commodities. Daily history for Tuesday, June 20, 2023

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