Deputy Governor Amemiya of the Bank of Japan said at a meeting of the financial industry that the rate of increase in consumer prices will remain at around 2% for the time being, but the rate of increase will shrink, and the goal of price stability will be achieved. Therefore, he emphasized the idea of continuing the current large-scale monetary easing measures.
At the National Credit Bank Convention held in Tokyo on the 24th, Deputy Governor Amemiya of the Bank of Japan commented on recent price trends, saying, "Consumer prices excluding fresh food are mobile phone communications compared to the previous year. Since April, when the impact of the price cut has disappeared, it has been around 2% mainly due to the rise in energy and food prices. "
Regarding the outlook for prices in the future, he said that although the price will remain at around 2% for the time being, the boosting effect of energy prices will weaken and the positive range will shrink.
He pointed out that the uncertainty surrounding the Japanese economy, such as the situation in Ukraine, is extremely high, and said, "It is necessary to pay close attention to the impact of financial and foreign exchange market trends on the economy and prices."
In addition, Deputy Governor Amemiya emphasized the idea of continuing the current large-scale monetary easing measures so that the target of price stability can be achieved sustainably and stably in the form of rising wages.