Japanese Finance Minister Shunichi Suzuki said on Tuesday that it depends on the Bank of Japan (BoJ) to decide the details of monetary policy. Suzuki further stated that he saw positive economic signs, including wage growth and corporate spending.

Key quotes

“Won't comment on any BOJ policy steps to be taken.”

“It’s up to the Bank of Japan to decide specifics of monetary policy.”

“This year's wage negotiations yielding record-high wage growth so far.”

“We are clearly seeing good signs in the economy such as robust corporate spending appetite.”

“The government will deploy various policies so that positive momentum in wages continues.”