In looking at the future of the monetary policy of the Bank of Japan, what is closely watched together with the rate of rise in prices is the rate of rise in wages.

In this article, the trend in Japan’s wages will be identified by using surveys such as the Monthly Labour Survey, which allows us to see the monthly trend in Japan’s wages.

"Are Japan’s Wages on a Stable Upward Trend?", Japan Spotlight
https://www.jef.or.jp/journal/pdf/252nd_Economic_Indicators.pdf

Profile of Research Director Nobuo Iizuka
https://www.tokyofoundation.org/experts/detail.php?id=381