Japan's price and inflation standards are showing signs of change against the backdrop of high wage growth and rising import costs, the Bank of Japan reported after holding a second broad policy review seminar. Documents released by the Bank of Japan after Tuesday's seminar show that as monetary easing continues and Japan's labor shortage problem worsens, the supply side of the labor market appears to be changing as high wage growth is achieved. Documents show that the huge impetus brought about by soaring import costs is changing the low inflation normal that has been common among Japanese companies and consumers for a long time. However, the purpose of the policy evaluation is to make a comprehensive assessment of policy formulation over the past 25 years; it is not intended to predict changes in monetary policy.