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Reuters

Reuters

Japan's rising minimum wage likely to push up inflation, BOJ says

Reuters
Summary
Nutrition label

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 .

VR Score

92

Informative language

99

Neutral language

54

Article tone

formal

Language

English

Language complexity

60

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

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