In an online lecture, the Bank of Japan's Governor Kuroda said that the situation in Japan, such as rising wages, is different from that in Europe and the United States over dealing with global inflation, and that the appropriate monetary policy that central banks should take also differs from country to country. I showed my recognition again.
The Bank of Japan's Governor Kuroda gave a lecture online on the night of the 25th at a conference held by the Institute for Monetary and Social Sciences of the Bank of Japan, which was attended by domestic and foreign economists.
In this, Governor Kuroda said that the central banks of each country are facing global inflation. "In Japan, the pace of recovery in demand from the new corona is slower than in Europe and the United States, and wages are rising. However, the rate of increase has remained at a moderate level. "
He added, "The recent rise in resource prices will have a greater impact on the real economy due to the decline in real income of households and the deterioration of corporate profits for resource-importing countries." Reiterated the recognition that the appropriate monetary policy response that central banks should take also varies from country to country.
Regarding Russia's invasion of Ukraine, he said, "Increased geopolitical risk may have a longer-term impact on the global economy through structural changes in trade and capital flows," he said, making it uncertain and fluid. He emphasized that policy measures based on the situation are required.