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Watch onTOKYO - The Bank of Japan will release a regional economic report on Thursday that may offer clues on whether companies across the country will raise wages next year, and help lay the groundwork for phasing out the central bank's massive monetary stimulus.
BOJ Governor Kazuo Ueda has sought to reassure markets that no change in policy is imminent, but creeping inflation and rising Japanese yields are raising market expectations that the bank will soon end its controversial bond yield control policy. The report is drawing more attention than usual this time for possible early clues on whether wage hikes will continue next year and broaden out to smaller firms. That would be seen as a key condition for the BOJ to dial back its stimulus, analysts say.
While inflation has exceeded the BOJ's 2% target for more than a year, Ueda has vowed to keep interest rates ultra-low until a more demand-driven, durable upward price trend takes hold, backed by sustained wage increases.
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