End of Japan’s Deflation Means BOJ Chief Gets a Raise
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The Bank of Japan gave the first pay raise in nine years to its board and other executives, backing Governor Haruhiko Kuroda’s efforts to reflate the world’s third-biggest economy.
Kuroda’s salary will rise to 34.7 million yen ($293,500) in the year that started in April, the central bank said in a statement yesterday. Pay of executives and the eight other board members will also increase by 1.3 percent.