Minimum Wage Boosts Japan Inflation
This is a news story, published by Yahoo Finance, that relates primarily to the Bank of Japan news.
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Core consumer inflationReuters
•Japan's rising minimum wage likely to push up inflation, BOJ says
81% Informative
The average minimum wage is set to rise a record 5.1% in the fiscal year to end-March 2025 .
Sustained, broadening wage increases are among prerequisites the Bank of Japan has set in raising interest rates.
Core consumer inflation hit 2.4% in September to exceed the BOJ 's 2% inflation target for well over two years .
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