The Bank of Japan plans to conduct its own wage condition survey, which can serve as a reference factor for policy decisions.

On May 6, Jin10 reported that, according to sources, the Bank of Japan plans to conduct its own wage rise survey to obtain data from small and medium-sized enterprises that are not affiliated with Japan's largest labor union, Rengo. Sources say that the Bank of Japan will publish this new research later in the current fiscal year, which will be part of its quarterly Tankan business sentiment survey, starting as early as 2027. So far, the Bank of Japan has relied on data released by Rengo, which surveys wage increases by collecting feedback from its member unions. Sources revealed that the Bank of Japan intends to use the results of its independent wage rise survey as a reference factor in deciding whether to raise or lower interest rates.