The governor of the Bank of Japan (BoJ), Harihuko Kuroda, said during the early hours of Monday in Europe that “Japan’s economy picks up and is likely to recover further“, according to Reuters.
Additional comments
Wait support the positive business cycle by maintaining easing monetary.
He expects Japan’s consumption to increase moderately.
The BoJ will maintain accommodative monetary conditions to support companies.
The BoJ aspires to achieve a positive business cycle in which wages and corporate profits rise and inflation moderately accelerates.
Uncertainty about the economic outlook is increasing, especially downside risks.
Must take into account the risk that supply constraints will increase again depending on the situation of the covid pandemic in countries such as China.
The impact of world inflation extends to Japan.
Consumer inflation in Japan is expected to slow to 2% from next year.
The rise in prices in Japan extends to the prices of services and durable goods, mainly due to external factors such as the increase in raw material costs.
The increase in inflation in Japan is due to the increase in the prices of raw materials and the weakness of the yenrather than strong demand.
Japan’s output gap is likely to turn positive in the second half of this fiscal year.
Japan’s long-term inflation expectations have started to rise.
Japan’s inflation is likely to accelerate modestly as a trend.
Japan’s wage negotiations are expected to reflect the recent rise in inflation.
Source: Fx Street
With 6 years of experience, I bring to the table captivating and informative writing in the world news category. My expertise covers a range of industries, including tourism, technology, forex and stocks. From brief social media posts to in-depth articles, I am dedicated to creating compelling content for various platforms.
