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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: inflation and price stability, trade, fragmentation and geopolitics, labour markets and jobs

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

ContextStatement before the House of Representatives' 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 mattersJapan's governor reports to parliament on uncertain wage and price setting.

Problems raised
  1. Trade policies create high uncertainty for Japan.
  2. Overseas economies and commodity prices are volatile.
  3. Firms' wage and price setting is uncertain.
Solutions proposed
  1. Report regularly to the Diet.
  2. Examine risks carefully.
  3. Conduct policy based on the outlook.
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