BOJ backs inflation drive with pay rise for its top executives

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.