BoJ’s Ueda: No statistical evidence that interest rate levels have direct correlation with wage moves

Bank of Japan (BoJ) Governor Kazuo Ueda said on Wednesday, “there is no statistical evidence that interest rate levels have a direct correlation with wage moves.”

Additional quotes

Longer run, it's important to heighten labor productivity to push up inflation-adjusted real wages.

As for monetary policy, it can help raise wages via tighter labor market conditions by keeping real interest rates low and stimulating economy.