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MNI BRIEF: Noguchi: BOJ Needs Easy Policy To Increase Wages

(MNI) Tokyo
TOKYO (MNI)

Bank of Japan board member Asahi Noguchi said on Thursday that the BOJ must maintain easy policy to achieve the 2% sustained price stability target through improvement of labour markets and moderate wage hikes.

“Despite a prolonged easy policy, Japan hasn’t been achieved the 2% price target as economic conditions haven’t improved as strong as to cause sufficient wage hikes,” Noguchi told business leaders in Kumamoto City, see: MNI INSIGHT: BOJ Needs To Set The Stage For A JGB Band Review.

MNI Tokyo Bureau | +81 90-2175-0040 | hiroshi.inoue@marketnews.com
MNI Tokyo Bureau | +81 90-2175-0040 | hiroshi.inoue@marketnews.com

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