Japan economy minister Akazawa expects private spending to increase with rising wages

Japan economy minister Akazawa expects private spending to increase with rising wages.

His comments come after disappointing spending data earlier:

• Japanese household spending (September) -1.3% m/m (expected -0.7%)

Finance minister Kato spoke earlier, his ‘interventiong’ typse remarks seem to be having a bit of an imp[cat now:

• Japan finance minister Kato: will take appropriate steps on excess FX moves

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