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CORRECTED-MNI INTERVIEW: BOJ Policy Shift Closer

(MNI) Tokyo
(MNI) TOKYO

The BOJ will want to study government labour surveys, more so than union wage data, as it gears towards policy adjustment in 2024, a former policymaker told MNI.

(Corrects story to make clear that an adjustment to easy policy could happen as early as December, not December at the latest)

The Bank of Japan will need to study company scheduled earnings found within the monthly government labour survey before any policy adjustment and will not rely solely on wage data supplied by Japanese Trade Union Confederation Rengo, a former BOJ chief economist told MNI.

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(Corrects story to make clear that an adjustment to easy policy could happen as early as December, not December at the latest)

The Bank of Japan will need to study company scheduled earnings found within the monthly government labour survey before any policy adjustment and will not rely solely on wage data supplied by Japanese Trade Union Confederation Rengo, a former BOJ chief economist told MNI.

Keep reading...Show less