BOJ's Ueda Sees Wages Remain under Upward Pressure

HEADLINES

Jackson Hole, Wyoming, Aug. 23 (Jiji Press)–Bank of Japan Governor Kazuo Ueda said Saturday that wages in his country are expected to remain under upward pressure because of a tight labor market. The Japanese labor market is “expected to remain tight and continue to exert upward pressure on wages,” Ueda said at a panel discussion as part of the U.S. Federal Reserve’s annual economic confer…

Jackson Hole, Wyoming, Aug. 23 (Jiji Press)–Bank of Japan Governor Kazuo Ueda said Saturday that wages in his country are expected to remain under upward pressure because of a tight labor market. The Japanese labor market is “expected to remain tight and continue to exert upward pressure on wages,” Ueda said at a panel discussion as part of the U.S. Federal Reserve’s annual economic confer…