boj speech, 2023-12-06
The Bank organizes periodic gatherings of its branch general managers, and a participant in the October meeting observed that, in the hotel industry in their district, firms that shifted to focusing on high-quality services for tourists travelling on their own had succeeded in raising prices without losing customers and in securing manpower, while those that continued to provide standard services for those travelling in large groups had not been able to pass on the cost increases to their customers and were having a difficult time in hiring enough employees.
Sentiment: neutral
Topic: mp_labor_market