BOJ's Ueda Sees Wages Remain under Upward Pressure

Jackson Hole, Wyoming, Aug. 23 (Jiji Press)--Bank of Japan Governor Kazuo Ueda said Saturday that wages in his country are expected to remain under upward pressure because of a tight labor market. The Japanese labor market is "expected to remain tight and continue to exert upward pressure on wages," Ueda said at a panel discussion as part of the U.S. Federal Reserve's annual economic confer...

BOJ's Ueda Sees Wages Remain under Upward Pressure
Jackson Hole, Wyoming, Aug. 23 (Jiji Press)--Bank of Japan Governor Kazuo Ueda said Saturday that wages in his country are expected to remain under upward pressure because of a tight labor market. The Japanese labor market is "expected to remain tight and continue to exert upward pressure on wages," Ueda said at a panel discussion as part of the U.S. Federal Reserve's annual economic confer...