BOJ says wages could come in hotter than expected in latest quarterly outlook report ...Middle East

Underlying inflation is expected to increase graduallyFirms' behavior has shifted more toward raising wages and prices, as per the spring wage negotiationsBaseline scenario is that virtuous cycle between wages and prices is projected to keep intensifyingBut there remain uncertainties regarding this outlookNeed to carefully monitor factors such as firms' wage and price-setting behaviourMoves to reflect wages in selling prices could strengthen to a greater extent than expectedIn this situation, there is a possibility that wages and prices will deviate upward from the baseline scenarioFuture developments in foreign exchange rates and international commodity prices also present a riskThis may le

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