Bill Mitchell: No change in monetary easing from Bank of Japan until wages growth increases

So there is no hint of a return to the position that other central banks have taken.

The Bank of Japan is firmly committed to providing ‘expansionary’ conditions to encourage growth in wages, which they consider is essential to underpin a stable inflation rate of 2 per cent – their goal.

All the noise around that target created by the pandemic etc is just noise.

Pity the rest of the central bankers didn’t follow suit.



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