BoJ’s Ueda: When inflation sustainably hits 2%, wages could rise at the same pace or higher

Bank of Japan (BoJ) Governor Kazuo Ueda said on Thursday, “when inflation sustainably hits 2%, wages are likely to be rising at around the same pace or higher.”

Additional quotes

Companies becoming more active in raising prices, wages than before.

Whether wage hikes will broaden and become embedded in society, firms begin to hike prices on prospects of rising wages, will be key to judging whether inflation target will be met sustainably.