Tokyo

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.

The BOJ's decision to raise the salary of its key executives comes just a day after Randall Jones, the head of the Japan and Korea desk of the Paris-based OECD, named sluggish wage growth as the "biggest risk" to the Japanese economy.