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Toward achieving the price stability target in a sustainable and stable manner, accompanied by wage increases

· 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 WikiToward achieving the price stability target in a sustainable and stable manner, accompanied by wage increases

ContextSpeech to the councillors of Keidanren, the Japan Business Federation, in Tokyo; the Bank of Japan pursues price stability and hopes for lasting wage increases.

Why it mattersKuroda defends continued easing until wages rise sustainably.

Problems raised
  1. Commodity prices rose sharply.
  2. Supply constraints pushed prices up.
  3. Global tightening raises concerns.
Solutions proposed
  1. Achieve sustainable inflation with wage increases.
  2. Continue monetary easing.
  3. Monitor global developments.
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