BOJ says price hikes, wage increases broadening
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FILE PHOTO: The Japanese national flag waves at the Bank of Japan building in Tokyo, Japan March 18, 2024. REUTERS/Kim Kyung-Hoon/File Photo
TOKYO (Reuters) - The Bank of Japan said on Monday price hikes were broadening, as many companies saw the need to keep raising wages due to structural labour shortages.
In a quarterly report, the BOJ revised up its assessment for two of nine regional areas in Japan. It left the assessment for the remaining regions unchanged.
(Reporting by Leika Kihara; Editing by Chang-Ran Kim)
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