Bank of Japan (BoJ) Board members shared their views on the outlook for monetary policy and Yield Curve Control (YCC), according to BoJ minutes from the September meeting.
Additional details
“Members agreed that it is important to check whether wage increases will continue next year and beyond”
“It was said that the probability that companies would continue raising salaries next year was high”
“There was a strong likelihood that corporate wage- and price-setting behavior would continue”
“60% of Japanese small and medium-sized companies are in the red and making little profit.”
“Inflation could exceed expectations as the change in corporate behavior spreads.”
“The BoJ must maintain the current monetary easing to stably and sustainably achieve the price target.”
“It was said that stable and sustained achievement of the price target, accompanied by wage growth, was not yet in sight in Japan”
“It was said that there was still a long distance before adjusting the negative rate policy”
Source: Fx Street
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