Pedestrians walk past the north entrance of the Bank of Japan (BOJ) headquarters in Tokyo, Japan.
Chihiro Ohsumi | Bloomberg | Getty Images
The Bank of Japan (BOJ) said on Tuesday it would start preliminary research into including wage-related items in its quarterly “Tankan” business survey to more accurately reflect wage trends in the country’s monetary policy.
The central bank plans to conduct several preliminary surveys on wage growth and economic prospects from September this year to June next year, targeting about 1,500 companies, or one-sixth of the 9,000 Tankan respondents.
Bank of Japan officials said the wage item may be included in the Tankan survey within a few years.
The Bank of Japan releases the results of its Tankan surveys (ie, short-term economic surveys of Japanese companies) in April, July, October and December.
The Bank of Japan raised interest rates last month as it seeks to phase out aggressive stimulus measures, amid growing confidence that the country is making progress towards its 2% inflation target on a sustainable basis, supported by steady wage growth.
About The Author
