BOJ's Ueda projects tight labor market barring major shock
ReutersAug 23, 2025 5:46 PM
JACKSON HOLE, Wyoming, Aug 23 (Reuters) - Bank of Japan Governor Kazuo Ueda said on Saturday the country's labor market is expected to remain tight barring a major negative demand shock, and expects upward pressure on wages.
"In sum, demographic shifts that began in the 1980s are now producing acute labor shortages and persistent upward pressure on wages," Ueda said in a panel held during the Federal Reserve's annual conference in Jackson Hole, Wyoming.
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