It’s important to raise wages to stimulate spending – Japan’s PM Abe

While speaking in parliament, Japan’s PM Shinzo Abe noted, “It’s important to raise wages to stimulate spending.”

For JPY traders, focus now remains on Spring wage talks.

At the time of writing, USD/JPY regains 113 handle, while the Nikkei 225 index trims losses and now trades -1.27% lower towards closing hours.