2022-11-25 08:46:26

BOJ's Kuroda gets meagre pay bump even as he stresses need for higher wages

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Channel NewsAsia
By Cna

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TOKYO : Bank of Japan Governor Haruhiko Kuroda will receive a meagre 0.4 per cent pay rise in 2022 after two years of cuts, the central bank said on Friday, even as he has stressed the need for higher wages to sustainably meet the central bank's inflation target.

The 0.4 per cent pay rise for the current fiscal year ending in March 2023 will apply to BOJ executives, including Kuroda and his fellow board members. It will consist entirely of executive allowances with no increases to monthly salaries, the BOJ said in a statement announcing the annual pay revision.

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