TOKYO (Reuters) – Japan’s top currency diplomat Atsushi Mimura said on Tuesday that a weak yen would fuel inflation by raising import costs, stressing the need to support consumption by turning real wages into positive territory.
“The outlook for real wages is very important. From our perspective, a weak yen would act to increase inflation through higher import costs,” Mimura, the deputy finance minister for international affairs, said at the Reuters NEXT Newsmaker event.
