6 August
Bank of Japan called for monetary easing
Bank of Japan (BOJ) board member Junko Nakagawa gave notice of the country’s unstable economy. That’s why the policy of monetary easing came into play. The objective is to ensure sustainable wage growth and keep inflation at the 2% target.
There exists a high risk of rising living costs that could affect consumer spending. Domestic demand in Japan is gradually increasing, while the price for essentials also rises.
“The key objective is to enhance corporate profits, contributing to sustainable supply and demand in the labor market. Thus, by easing monetary policy, we create favorable conditions for enterprises. As for the prospects, wages and prices in Japan are expected to grow commensurately,” said Nakagawa in a press release.
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