The Bank of Japan announced the agenda of the monetary policy meeting held in June, and the committee members pointed out that it is important to raise wages in order to sustainably achieve the 2% price target set by the Bank of Japan. Turned out to be one after another.
The Bank of Japan decided to maintain large-scale monetary easing measures at a two-day monetary policy meeting held until June 17, but announced the agenda of the meeting on the 26th.
As a result, many members said that raising wages was important for sustainably achieving the BOJ's price stability target, and one member said, "Personal consumption will increase even if companies revise prices. It is necessary to create a strong economic environment in which we can continue to do so. "
Another member argued that "monetary easing should continue until the trend of wage increases is certain."
On the other hand, regarding the recent rise in prices, one of the committee members said, "People's prices are beginning to show signs of change in the economic agents' view of prices that prices and wages will not rise due to the influence of the new Corona and the situation in Ukraine." There were multiple opinions pointing out that there was a change in the way of thinking about.