US EditionJapan's Takaichi Calls on BOJ to Pursue Inflation Driven by Wage Gains
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Japan's Takaichi calls on BOJ to pursue inflation driven by wage gains
TOKYO - Japan's new prime minister, Sanae Takaichi, said on Tuesday she hoped the central bank would conduct monetary policy to sustainably achieve 2% inflation driven not just by rising raw material costs but also by wage gains. Read more at straitstimes.com.
Sanae Takaichi, Japan’s new prime minister, said yesterday, October 21, that he expects the Bank of Japan (BOJ) to implement a monetary policy that will make it possible to achieve a sustainable inflation of 2.0%, driven not only by rising commodity costs, but also by rising wages. Takaichi said that monetary policy is part of a broader economic policy that the government is ultimately responsible for, and added that the specific means of moneta…
Japan's new PM Takaichi pledges to tame inflation
Sanae Takaichi, named Japan's first woman prime minister on Tuesday, said her priority was to tackle inflation – a major source of anger among voters. Japan's fifth premier in as many years leads a minority government and has a bulging in-tray, not least the scheduled arrival of the US leader next week. But in her first remarks in office, she said she would soon draft an "economic package" to deal with rising prices. The former heavy metal drumm…
Sanae Takaichi said she hopes the monetary authority will manage interest rates in a way that sustainably achieves the 2% inflation target.
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