TOKYO : Japan's government and the central bank on Monday held a fresh round of discussions on the role each should play in achieving sustained wage hikes aimed at eliminating the risk of the country returning to deflation.The meeting of the government's top economic council focused on whether recent rise
TOKYO : Japan's government and the central bank on Monday held a fresh round of discussions on the role each should play in achieving sustained wage hikes aimed at eliminating the risk of the country returning to deflation.
"While there have been some positive signs in recent data, we must ensure they are stable and sustainable so that Japan won't revert to deflation," the Cabinet Office told the meeting. In a separate session that included academics and private-sector experts, some participants urged the BOJ to end quantitative easing when inflation stabilises around its 2 per cent inflation target, a summary of the discussions released by the Cabinet Office showed.
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