BOJ expects wages, prices to keep rising, deputy governor Uchida says

TOKYO, May 13 (Reuters) - Bank of Japan Deputy Governor Shinichi Uchida said on Tuesday companies are likely to keep raising wages and prices even as uncertainty over U.S. tariff policy weighs on the economy.

"Japan's underlying inflation, and medium- to long-term inflation expectations, are likely to temporarily stagnate. But even during that period, wages are expected to continue rising as Japan's job market is very tight," Uchida told parliament.

"Companies are also expected to keep passing on rising labour and transportation costs by raising prices," he said.