Investing.com - The Bank of Japan board meeting minutes for April released on Wednesday showed some uneasiness with wage-price gains.
The Bank of Japan board minutes noted some members said the current recovery is exerting more upward pressure on prices than it is boosting economic growth.
"A few members expressed the recognition that developments in wages tended to have a more significant effect on overall prices, as Japan's industrial
structure had been shifting to one led mainly by non-manufacturing," the minutes said.
One member said that wage increases and price rises resulting from supply-side constrains might not be enough to bring 2% sustained inflation by 2015.
At the April 7-8 meeting, the BOJ board decided by a unanimous vote to leave the bank's policy target unchanged.