Haruhiko Kuroda puts wage growth at the center of debate

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Haruhiko Kuroda puts wage growth at the center of debate

Haruhiko Kuroda placed wage growth at the center of debate about whether market-jolting policy change will be looming at the central bank.

Kuroda has insisted that the BOJ's ultraloose policy must continue until there are signs that inflation can be sustained by stronger pay gains.

Some of Japan's biggest companies, including Suntory Holdings and Uniqlo-operator Fast Retailing, are already making moves to ramp up wages by much more than usual, as inflation hits a four-decade high. If early momentum gains traction, the economy appears to be headed for an inflection point that could be used to justify change under a new BOJ governor who is set to take over the role in April.

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