Japan's rising minimum wage likely to push up inflation, BOJ says – Marketscreener.com

Japan’s minimum wage is on the rise, according to the Bank of Japan (BOJ), which predicts that this increase could lead to higher inflation in the country. The BOJ has stated that the rising minimum wage is likely to push up prices across the board. This could have an impact on the overall cost of living for Japanese citizens. The BOJ’s assessment highlights the potential consequences of increasing the minimum wage, suggesting that it could have a significant effect on inflation in Japan.