Minoru Nogimori, an economist at Nomura Securities Co, referring to Bank of Japan Gov Haruhiko Kuroda whose salary will rise to 34.7 million yen. (Bloomberg)© Japan Today
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The pay increase at the BOJ is another good sign that a virtuous cycle of Abenomics is spreading in Japan. Wage increases in the government and at the BOJ will promote raises at private companies.
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