Kihara from Japan: The government must put more effort into attaining wage growth.

Seiji Kihara, the deputy chief cabinet secretary for Japan, stated on Wednesday that the nation's government must provide greater emphasis to higher wages in its economic strategy for the following year.

"The main issue with the Japanese economy is the lack of wage growth. Consumption won't expand and businesses won't boost investment unless salaries rise."

"The government will put more effort into generating wage growth. Given that costs are growing, this is particularly crucial."

In response to market activity, the USD/JPY is maintaining its recent uptrend of over 134.00 while gaining 0.48% on the day.