TOKYO : Japan's top financial diplomat on Friday suggested the central bank may tweak its approach to monetary stimulus at its next policy meeting, due to 'signs of changes' in corporate behaviour on wage growth and price rises. In rare remarks on monetary policy, Masato Kanda, vice finance minister for i
TOKYO : Japan's top financial diplomat on Friday suggested the central bank may tweak its approach to monetary stimulus at its next policy meeting, due to"signs of changes" in corporate behaviour on wage growth and price rises.
Looking at the underlining trend of prices and wages, there are signs of changes in the corporate wage- and price-setting behaviour that has been in place during the period of deflation, Kanda told Reuters. The BOJ, under Governor Kazuo Ueda's predecessor Haruhiko Kuroda, launched an unprecedented round of monetary stimulus in 2013, pledging to inflate the economy to meet a 2 per cent inflation target in two years. That has been extended ever since with the inflation goal proving a tall order.
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