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Faulty labor data casts doubt over Bank of Japan statistics

Central bank forced to consider whether some estimates need revision

Flawed government labor statistics may have affected the Bank of Japan's outlook on inflation.   © Reuters

TOKYO -- The news that Japan's labor ministry published erroneous statistics has raised suspicions about the accuracy of economic analysis released by the Bank of Japan.

The ministry on Wednesday revised its monthly labor survey for the period between 2012 and 2018. It overstated nominal year-on-year wage increases by as much as 0.7 percentage point between January and November of last year, to take just one example.

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