Japan top currency diplomat says cautious about how FX could impact wage growth

TOKYO (Reuters) – Japan’s top currency diplomat, Atsushi Mimura, on Monday called for caution over how foreign exchange can negatively affect the country’s goal of achieving real wage growth.

Citing the government’s estimate that a 10% depreciation of the yen can push up the inflation rate by 0.3%, Mimura said foreign exchange “can have a decisive effect” on real wages when wage increases hover around zero percent.

(Reporting by Makiko Yamazaki; Editing by Christopher Cushing)