[JPMorgan Chase: Pay Attention to Kazuo Ueda's Remarks on Real Interest Rates and Shunto] Golden Finance reports that Yuxuan Tang, Global Market Strategist at JPMorgan Private Bank, stated that all eyes are now on the press conference of Kazuo Ueda, Governor of the Bank of Japan. We will closely monitor his comments on real interest rates (currently still deeply negative) and what they imply for the future policy trajectory. His outlook on the upcoming 'Shunto' wage negotiations is also crucial. The outcome of Shunto will largely determine the timing of the next rate hike. One of the key reasons the Bank of Japan remains cautious about policy normalization is that real wage growth is still negative. (Jin10)