BoJ Minutes: Several members believe that monetary easing should be maintained – by anilpanchal7 BOJ USDJPY NewsTrading CentralBanks InterestRate
A few members pointed out that past price increases in commodities and raw materials continued to be passed on to consumer prices with a time lag.
One member expressed the view that high wage increases could lead, for example, to an improvement in consumer sentiment. One member expressed the view that, with labor shortages intensifying, high wage increases could be expected in 2024. One member expressed the opinion that wage growth in 2023 seemed to be partly attributable to temporary factors.A few members said in order for Consumer Price Index inflation to rise again toward 2% after decelerating, it was necessary for wage developments, firms' growth expectations, and medium- to long-term inflation expectations to improve.
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