BOJ’s Kuroda: Wage growth to accelerate on tight job market

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Updated: Feb 21, 2023, 01:06 GMT+00:00

TOKYO (Reuters) - Bank of Japan Governor Haruhiko Kuroda said on Tuesday wage growth will likely accelerate as companies increase pay to compensate households for the higher cost of living, and cope with an intensifying labour shortage.

Bank of Japan (BOJ) Governor Haruhiko Kuroda, gestures as he replies a question during an interview with Reuters in Washington

TOKYO (Reuters) – Bank of Japan Governor Haruhiko Kuroda said on Tuesday wage growth will likely accelerate as companies increase pay to compensate households for the higher cost of living, and cope with an intensifying labour shortage.

Speaking in parliament, Kuroda also said the central bank will continue to scrutinise currency market moves and their impact on Japan’s economy in guiding monetary policy.

(Reporting by Leika Kihara; Editing by Kim Coghill)

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