Anna 
Japanese Deputy Chief Cabinet Secretary Hideki Murai shared insights on Tuesday, expressing optimism about Japan’s economic trajectory. According to Murai, the nation is gradually experiencing a positive cycle of rising growth, and he noted that wages are falling into place as part of this economic dynamic.
In his comments, Murai emphasized the importance of incorporating new business practices in Japan to ensure that costs are appropriately passed on throughout the supply chain. This strategic approach is seen as essential for sustaining economic growth.
Murai expressed hope for continued collaboration between the government and the Bank of Japan (BoJ) in guiding monetary policy to achieve sustainable price targets. While acknowledging that specific monetary policy decisions rest with the BoJ, he highlighted the importance of maintaining a close working relationship between the government and the central bank.
Regarding the potential end of negative interest rates, Murai noted that it is up to the BoJ to decide, emphasizing that the central bank has previously indicated that the sustainability of easy monetary policy will depend on economic and price developments at the time.
