Bank of Japan Noguchi: Whether wage increases will be maintained has become the biggest focus

On Thursday, Bank of Japan (BoJ) board member Asahi Noguchi said “the biggest focus is whether the momentum of rising wages will be maintained.

Increasing the allowable range of bond yield control curve policy does not mean that monetary policy will be tightened.

If the central bank maintains its policy of raising interest rates and inflation falls, the risk of a hard landing for the economy will be reduced.

Japan’s economy is gradually recovering.

When inflation expectations are on the rise, continuing to implement loose policies under the bond yield control curve policy mechanism requires a certain degree of flexibility.

China’s economy faces the risk of deflation or “Japanization”.

In the future, we need to pay close attention to the fiscal policy and monetary policy measures taken by the Chinese authorities to deal with low inflation.

The upward pressure on prices shows signs of easing.

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