The Importance of the Japanese Wage Formation for the Trends

Kristoff: It's something that we've seen on the central banks also considering when they say not to interfere right around potential election date. Kristoff: I need to see wages going higher. And, and, um, speaking of Japan, we've obviously spent a lot of time both on real vision, but also in the global macro community discussing whether China is rebounding or not. That will only come if the pricing power, the possibility of spending of the Japanese increase.