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BOJ backs inflation drive with pay rise for its top executives

Mr Kuroda's pay packet will hit 34.7 million yen (S$383,436) a year after the pay hike, the first in nine years for BOJ governors.


THE Bank of Japan (BOJ) is setting an inflationary "good example" by raising the salaries of its most senior executives, including that of governor Haruhiko Kuroda, in a move which it hopes will counter what is regarded as a major threat to Abenomics - sluggish wage growth in Japan