Japan’s Akazawa says wage-price cycle progressing but full shift not yet achieved

• Japan Economy Minister Akazawa: Japan making steadily progress toward achieving a cycle of rising wages and prices.
• Japan Economy Minister Akazawa: Japan on cusp of shifting to economy where prices rise accompanied by wage hikes, but not quite there yet.
• Japan Economy Minister Akazawa: Specific monetary policy up to BOJ to decide.
• Japan Economy Minister Akazawa: Confirmed with BOJ Governor Ueda that Govt, BOJ will work closely on view ending deflation is top priority.

This article was written by Arno V Venter at www.forexlive.com.