- BOJ’s Kuroda: Tightening labor market will help drive up wages ahead
Market news
28 November 2022
BOJ’s Kuroda: Tightening labor market will help drive up wages ahead
Bank of Japan (BoJ) Governor Haruhiko Kuroda said in an appearance on Monday that “tightening labor market will help drive up wages ahead.”
Additional quotes
I expect wage pressure to gradually increase.
It is hard to set real wage growth as a monetary target.
There is no need to review the roles of the government and BoJ in the 2013 joint statement.
Market reaction
The upbeat remarks from the BoJ Chief are helping the Japanese yen, with USD/JPY falling 0.23% on the day to 138.79, as of writing.
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