TOKYO — The Bank of Japan (BOJ) will patiently continue its powerful monetary easing to firmly underpin the economy to encourage the labor market to tighten to accompany wage hikes, a senior central bank official said on Tuesday.
“It’s not good for only prices to increase,” Koji Nakamura, head of the BOJ division overseeing monetary policy drafting, told a parliament session.
“It’s important to form a virtuous cycle of price hikes led by increase in household real incomes.” (Reporting by Tetsushi Kajimoto; Editing by Christian Schmollinger)
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