boj speech, 2023-08-02
Regarding the outlook, it is necessary to carefully examine the balance among wages, prices, and private consumption, with particular focus on (1) whether wages will continue to increase sufficiently relative to prices, which have increased by more than expected, (2) whether such wage increases will be able to support private consumption in a sustained manner, and (3) whether this will then lead to sustained wage increases next year and beyond.
Sentiment: neutral
Topic: mp_economic_activity