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The Bank of Japan's thinking on monetary policy - toward achieving the price stability target in a sustainable and stable manner

· Haruhiko Kuroda, Governor of the Bank of Japan (Japan)

Summary written by Dark Majestic in its own words · topics: monetary policy and interest rates, inflation and price stability, development and emerging economies, labour markets and jobs

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· Haruhiko Kuroda Wiki · Bank of Japan WikiThe Bank of Japan's thinking on monetary policy - toward achieving the price stability target in a sustainable and stable manner

ContextOpening remarks by Haruhiko Kuroda, Governor of the Bank of Japan, at the Kisaragi-kai Meeting, Tokyo, 6 June 2022.

Why it mattersKuroda explains why Japan keeps easing despite rising costs.

Problems raised
  1. Price developments have changed.
  2. Inflation is cost-driven.
  3. Sustainable 2% is not achieved.
Solutions proposed
  1. Continue monetary easing.
  2. Support wage increases.
  3. Improve the output gap.
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