BOJ to begin initial research to include wage trends to 'tankan'

BOJ to begin initial research to include wage trends to 'tankan'

The central bank plans to conduct several preliminary surveys on wage growth as well as its economic outlook from September this year through June next year, targeting about 1,500 companies, or a sixth of all 9,000 tankan respondents.

The wage items would likely be introduced to the tankan survey in a few years, a BOJ official said.

© Reuters. FILE PHOTO: A man using his mobile phone walks past the Bank of Japan headquarters building in Tokyo December 19, 2014. REUTERS/Yuya Shino /File Photo

The BOJ publishes the results of its tankan survey, or the Short-Term Economic Survey of Enterprises in Japan, in April, July, October and December.

In a move to phase out its radical stimulus, the BOJ raised interest rates last month, driven by a growing conviction Japan is making progress towards sustainably achieving its 2% inflation target, supported by solid wage growth.

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