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MNI BRIEF: Firm Wage- and Price-Setting Behaviour Spreads - BOJ

(MNI) Tokyo
(MNI) TOKYO

The Bank of Japan believes positive company wage and price setting behaviour is spreading gradually, according to the full text of the Outlook Report released on Wednesday.

“A quantitative analysis using time-series data shows that moves to reflect wages in selling prices have been spreading, albeit moderately,” the BOJ said. “It is important to determine whether the linkage between wages and prices would strengthen by continuously conducting qualitative analyses."

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The Bank of Japan believes positive company wage and price setting behaviour is spreading gradually, according to the full text of the Outlook Report released on Wednesday.

“A quantitative analysis using time-series data shows that moves to reflect wages in selling prices have been spreading, albeit moderately,” the BOJ said. “It is important to determine whether the linkage between wages and prices would strengthen by continuously conducting qualitative analyses."

Keep reading...Show less