BoJ minutes reveal concern over supply-side issues
Policy board targets increase in ‘growth potential’ of economy
Members of the Bank of Japan (BoJ) policy board agreed that the increase in demand over the past year, created by the central bank's quantitative and qualitative monetary easing (QQE) programme, is contributing to supply-side issues in the economy such as labour shortages.
According to the minutes from their latest meeting, published today, the board members still expect annual CPI inflation – excluding fresh food – to remain around 1.25% for "some time". A few members argued that companies were
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