BoJ board member says sustained 2% inflation within reach
Firms may have become more willing to raise wages, some policy-makers noted in July meeting
A Bank of Japan monetary policy board member said the achievement of sustainable 2% inflation in Japan “seems to have clearly come in sight”, according to a summary of views from the BoJ’s July meeting.
Policy-makers’ views were published in anonymised form on August 7. The member also said the BoJ should allow greater flexibility in conducting yield curve control (YCC), so it can continue with monetary easing smoothly until an exit.
In a surprise decision, the BoJ’s nine-member board voted
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