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BOJ’s Kuroda sees wages rising ‘quite significantly’

By:
Reuters
Published: Feb 3, 2023, 04:53 UTC

TOKYO (Reuters) - Bank of Japan (BOJ) Governor Haruhiko Kuroda said on Friday he expected wages to rise "quite significantly", boosted by improvements in the economy and a tightening job market.

Bank of Japan (BOJ) Governor Haruhiko Kuroda, speaks during an interview with Reuters in Washington

TOKYO (Reuters) – Bank of Japan (BOJ) Governor Haruhiko Kuroda said on Friday he expected wages to rise “quite significantly”, boosted by improvements in the economy and a tightening job market.

But he told parliament the central bank must maintain ultra-loose monetary policy to support the economy, and create an environment in which companies can increase wages.

(Reporting by Leika Kihara; Editing by Clarence Fernandez)

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