Weekly Market Recap (04-08 December) ...Middle East

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Weekly Market Recap (04-08 December)
MondayBoJ Noguchi reiterated the central bank’s focus on wage growth to reach their 2% target sustainably with no policy change in sight:It's true the impact of elevated global inflation is reaching Japan's economy with consumer inflation exceeding the BoJ's 2% target since the spring of 2022.But the rise (in inflation) is mostly due to cost-push factors amid higher import prices.To achieve our 2% inflation target, we must see price rises backed by sustained wage increases.While annual spring wage negotiations this year achieved wage hikes unseen in 30 years, we've only just reached a stage where the possibility of achieving our target has come into sight.T

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