OctaFX | OctaFX Forex Broker
Open trading account
Back

Ex- BoJ Dep Gov Nakaso: Labor productivity hampering inflation - Reuters

As reported by Reuters, ex-Bank of Japan (BoJ) Deputy Governor Hiroshi Nakaso stated that increased workplace participation and improving labor productivity is keeping inflation on the low end.

Key quotes

“Labor productivity in Japan ... is improving quite steadily in recent years. Meanwhile, real wages are also rising but not catching up with the improvement in labor productivity,” Nakaso said in a seminar hosted by the International Monetary Fund in Tokyo.

“Along with increased labor-force participation, improvement in labor productivity is an important factor underlying Japan’s seemingly low inflation,” he said.

China President Xi makes no comments on trade, economy so far

China President Xi Jinping is on the wires now, via Reuters, making a scheduled speech at Beijing Conference: 1978 Reforms are a turning point for C
Read more Previous

Gold Technical Analysis: metal sees descending broadening wedge breakout ahead of Fed

Gold is looking north ahead of the FOMC rate decision. The US central bank is seen raising rates by 25 basis points tomorrow. More importantly, the ma
Read more Next
Start livechat