| ID | 149039 |
| Title Proper | Bank of Japan’s monetary policy lacks a strong driving force for building inflation expectations |
| Other Title Information | a proposal for the achievement of labor-management agreement on inflation target of 2% and base wage increases of 2% |
| Language | ENG |
| Author | Kitaura, Nobutoshi |
| Summary / Abstract (Note) | The Bank of Japan has been failing to create the 2% inflation expectations. This article presents the author’s views about why the Bank of Japan’s monetary easing measures have not led to achievement of the inflation target of 2%, as well as on measures required to achieve the 2% inflation (and base wage increases of over 3% which is the flip side of a 2% inflation). The major points of this article are outlined below. |
| `In' analytical Note | Asia Pacific Review Vol. 23, No.2; Nov 2016: p.12-36 |
| Journal Source | Asia Pacific Review Vol: 23 No 2 |
| Key Words | Monetary Policy ; Bank of Japan ; Strong Driving Force ; Building Inflation Expectations ; Labor-Management Agreement |