BoJ Governor Kazuo Ueda Addresses Japan's Economic Recovery

Bank of Japan (BoJ) Governor Kazuo Ueda, during a press conference on Wednesday, acknowledged the country's moderate economic recovery while pointing out existing areas of weakness. Ueda emphasized the BoJ's commitment to adjusting its monetary policy to align with the economic and price outlook, amidst high uncertainties surrounding Japan's economy, prices, and global trade policies.

Wage Trends and Economic Momentum

On the topic of wages, Ueda noted that the current trends are in line with expectations, highlighting a strong momentum of wage increases that is now spreading to smaller companies. This development is seen as a positive sign for the broader economy, indicating potential for sustained growth and stability.