BoJ’s Nakaso highlights changing behaviour of firms
Firms are increasingly investing and facing tighter labour market conditions
Firms in Japan seem to be changing their behaviour as the economy recovers, which may provide a welcome boost to inflation, according to Bank of Japan (BoJ) deputy governor Hiroshi Nakaso.
During a speech to business leaders in Kumamoto, Nakaso said the central bank's attention had been drawn to a recent change in firms' wage and price-setting behaviour. Unemployment in Japan is now just 3.3%, and the tightness in the labour market has led firms to raise wages for two consecutive years. They are
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