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Pedestrians walk past the north entrance of the Bank of Japan (BOJ) headquarters in Tokyo, Japan.
Yoshinori Ohsumi | Bloomberg | Getty Images
The Bank of Japan said on Tuesday it will begin preliminary studies on including wage-related items in its quarterly “tankan” business survey to more accurately reflect wage trends in the country’s monetary policy.
The BOJ plans to conduct several preliminary surveys on wage growth and the economic outlook from September this year to June next year, targeting about 1,500 companies, or one-sixth of the total 9,000 tankan respondents.
Bank of Japan officials said the wage item could be introduced into the tankan survey in a few years.
The Bank of Japan releases the results of the Tankan (short-term economic survey of Japanese companies) in April, July, October and December.
The Bank of Japan raised interest rates last month as it seeks to gradually withdraw from aggressive stimulus measures, on growing confidence that Japan is on track to sustainably achieve its 2% inflation target, supported by solid wage growth.
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