BoJ research turns to new data set to study wage-price links
Research sheds light on factors that may push up wage expectations
Economists at the Bank of Japan (BoJ) have turned to a unique data set in the search of evidence of how wages and prices interact and are shaped by expectations, publishing their findings in a working paper today (June 21).
Yuichiro Ito and Sohei Kaihatsu of the BoJ's monetary affairs department use data from a Japanese workers' survey, which they say appears to be the only survey in the country to assess wage, inflation and consumption expectations over a long time period.
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