24 October 2022 | Other

Majority of Japanese want a change in Bank of Japan policy

In a nationwide poll conducted over Saturday and Sunday, the Mainichi newspaper found that 55% of those surveyed believe the Bank of Japan should reconsider its policy, 22% that it should not, and 22% that they do not know. This poll is related to the fact that Bank of Japan Governor Haruhiko Kuroda has repeatedly stated that he will stick to his current policy, even when inflation has reached its highest level since 1991. 

The survey showed that more than half of Japanese support the revision of the super-soft monetary policy of the Bank of Japan, as the yen against the dollar is close to a thirty-year low, increasing inflation for major imported goods.

According to the poll, 27% expressed support for Kishida's cabinet, down two percentage points from the previous poll, and in line with the critical zone below 30%, when Japanese leaders are considered at risk of dislocation.

According to a poll of 49 analysts, Kuroda is not expected to change monetary stimulus measures at the end of the Bank of Japan's two-day meeting on Friday.

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