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The Bank's Semiannual Report on Currency and Monetary Control

· Kazuo Ueda, 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, financial stability, growth, investment and productivity

KU
· Kazuo Ueda Wiki · Bank of Japan WikiThe Bank's Semiannual Report on Currency and Monetary Control

ContextStatement before the House of Councillors' financial affairs committee in Tokyo on the bank's semiannual report; the Bank of Japan pursues price stability and must explain its policy to parliament.

Why it mattersUeda tells the upper house that sustainable wage growth is not yet assured.

Problems raised
  1. Japan's inflation outlook remains uncertain.
  2. Low profitability may push financial institutions towards risky behaviour.
  3. Sustainable wage growth is not yet assured.
Solutions proposed
  1. Maintain monetary easing while watching for sustainable 2% inflation.
  2. Monitor financial vulnerabilities from search for yield.
  3. Report regularly to the Diet on monetary policy.
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