Japan: robust wage growth bolsters case for Bank of Japan rate hikes - as early as May ...Middle East

ING adds that if this year's Shunto wage negotiations deliver results similar to last year's, the Bank of Japan is expected to raise rates by 25 basis points as early as May.

The data is here from earlier today:

Japan headline wages +4.8% y/y in December, real wages rise also

BoJ likely to raise ratees higher than most expects says former official Hideo Hayakawa

***

The yen has gained solidly during the session so far, and it still going:

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

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