JPMorgan Chase: Need to pay attention to Hidehiko Nishida and Haruto's comments on real interest rates and Shundo

Yuxuan Tang, global market strategist at J.P. Morgan Private Bank, said that all eyes are now on Bank of Japan Governor Haruhiko Kuroda's press conference. We will closely watch his comments on real interest rates and what this means for future policy paths. His outlook on the upcoming "spring wage negotiations" is also crucial. The outcome of the spring wage negotiations will largely determine the timing of the next interest rate hike. One of the key reasons the Bank of Japan is taking a cautious approach to policy normalization is that real wage growth remains negative.