boj speech, 2024-06-06
However, households' disposable income may not rise as much as wages due to, for example, the heavier social burden and the increase in the number of pensioners, both of which are the result of structural issues such as the aging and declining population, and also due to the so-called annual income barrier -- that is, the fact that households' secondary earners or seniors try to adjust their working hours so that their income stays under the ceiling for tax exemption.
Sentiment: neutral
Topic: mp_economic_activity