[Bank of Japan Governor: Wages Need to Rise Significantly to Achieve Inflation Target] Jin10 News, March 4 – Bank of Japan Governor Kazuo Ueda stated on Wednesday that wage levels need to rise significantly for Japan to sustainably and stably achieve its 2% inflation target. Ueda told Parliament: 'The Bank of Japan cannot exert strong influence on real wage growth,' noting that real wage growth primarily depends on medium- to long-term labor productivity. He added: 'However, we will implement monetary policy to ensure Japan achieves its inflation target sustainably and stably alongside wage growth.'