The Governor of the Bank of Japan, Haruhiko Kuroda, has intervened in a round table entitled “World Economic Outlook: Is this the end of an era?” at the World Economic Forum (WEF), which is being held this Friday in Davos.
Featured Statements
The decision taken by the Council last month was not a mistakewe will continue with the accommodative monetary policy.
We expect wage growth to accelerate, which will eventually help us reach the 2% inflation target on a stable basis.
The Japanese economy may grow between 1% and 2% in the next two years.
Two years of 2% growth means the GDP gap is closing.
Inflation rates are expected to start to decline from February, in general in 2023 we will see inflation below 2%.
Digital transformation is expected to increase growth potential in the coming years.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
