2023-08-31 06:23:30
Toyoaki Nakamura, a member of the Bank of Japan’s Policy Board, said on the 31st that the depreciation of the yen in the foreign exchange market would have a large impact on prices, and he carefully looked at exchange rates and their impact on prices. said no. He held a press conference in Gifu City.
other remarks
In the medium term, the economic fundamentals will converge – YCC flexibility is not part of the exit strategy. It is necessary to have a foreseeable situation, such as the effects of flexibility, prices that reflect demand that prevents the deterioration of market functions, and sustainable wage increases. earning power, not going in a bad direction
In his morning speech, Mr. Nakamura said that if monetary policy were to be tightened before rising prices lead to higher wages, demand would be suppressed and “firms’ earning power might decline once more.” He acknowledged the need to tenaciously continue easing.
Bank of Japan Commissioner Nakamura Concerned About Lower Earning Power
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