BoJ’s Kuroda: Japan seeing broadening trend where rising inflation is being reflected in wages

Speaking at his retirement news conference on Friday, outgoing Bank of Japan (BoJ) Governor Haruhiko Kuroda said that “Japan is seeing a broadening trend where rising inflation is being reflected in wages.”

Additional quotes

Japan has made steady progress toward sustainably, steadily achieving BoJ’s price target.

Japan's tightening job market is laying groundwork for wages to rise more.

Hope the ‘norm’ that wages, prices won’t rise will change and inflation target in tandem with wage hikes is achieved.