Japan's Economic Recovery Faces Hurdles

Bank of Japan (BoJ) Governor Kazuo Ueda, in a recent press conference, acknowledged the moderate recovery of Japan's economy but pointed out that it still harbors some weaknesses. The BoJ is prepared to adjust its easing measures to ensure the realization of its economic and price outlook, amidst high uncertainties surrounding the economy, prices, and global trade policies.

Wage Trends Offer a Glimmer of Hope

On a positive note, Ueda highlighted that wage trends are aligning with expectations, with the momentum of wage increases extending to smaller companies. This development could signal a strengthening labor market, contributing to the overall economic recovery.