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Yen up as news on wages in Japan filters out – wage hikes enough for the BoJ to hike too?

The latest news to dribble out is that GS Yuasa has agreed to union wage rise demands in full.

  • Mitsubishi Heavy to raise wages by an average of 8.3%, an 18,000 yen base pay increase
  • Nissan Motor responded to Union’s wage hike demand in full
  • Nippon Steel responded to Union’s wage hike demand in full

Earlier:

The USD/JPY response is subdued:

This article was written by Eamonn Sheridan at www.forexlive.com.

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