TOKYO (Reuters) – Bank of Japan Governor Haruhiko Kuroda said on Tuesday there was no change to the central bank’s assessment of the economy after polling errors forced the labor ministry to revise monthly wages data.
Kuroda, speaking at the lower house budget committee, said the BOJ had to recalculate corporate services prices and the output gap due to the revision in wages data but the impact was limited.
Last month the labor ministry said monthly wage data it published for more than a decade, employing faulty polling methods, did not accurately depict the nationwide wage trend.
The labor ministry is expected to recalculate data this week to show real wages from January to November 2018 fell from the same period a year ago, denting policymakers hopes for sustained inflation.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.