TOKYO: Japan's dwindling working-age population is leading to structural changes in the labour market that are heightening pressure on firms to hike wages and services prices, the Bank of Japan said in two research papers released on Tuesday (Aug 20). The findings back up the central bank's argument that broadening inflationary pressures warrant raising interest rates steadily from current near-zero levels. Permanent workers' pay remained stagnant even as labour shortages intensified since the

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