boj speech, 2024-12-05
However, I am closely monitoring future developments in wage growth, as there seems to be a polarization between (1) growth-oriented firms -- large and medium-sized ones as well as some small ones -- making "virtuous" wage hikes and (2) the majority of small firms -- whose recovery of earning power has trailed behind -- making "defensive" wage hikes.
Sentiment: neutral
Topic: mp_labor_market