Bank of Japan Governor Haruhiko Kuroda gave his insights on the country's economy in a parliamentary speech on Tuesday. He stated that the wage growth in Japan is expected to increase as companies raise pay to offset the higher cost of living and address the growing labor shortage.
BOJ's Focus on Currency Market for Monetary Policy Decisions
Kuroda also noted that the central bank would continue to closely observe currency market developments and their effect on Japan's economy when making decisions on monetary policy.
