Kuroda: rising inflation expectations feeding into wages

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Bank of Japan governor Haruhiko Kuroda today pointed to a "substantial" rise in the number of companies increasing their employees' wages as further evidence the central bank's quantitative and qualitative easing (QQE) programme has taken hold of the Japanese economy.

"The output gap has been steadily narrowing mainly due to the tightening of labour market conditions as projected," Kuroda told an audience in Tokyo, "and the rise in medium- to long-term inflation expectations seems to have

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