Councilor Hajime Takada, one of the nine members who decide on the Bank of Japan's monetary policy, gave a speech in Otsu City, stating that ``we are finally in a situation where we can see the achievement of the 2% price stability target,'' and that there was a negative He expressed the view that it is necessary to consider a change in large-scale monetary easing measures, such as lifting interest rate policy.
Regarding the Bank of Japan's 2% price stability target, Commissioner Takada said, ``We are finally in a situation where we can see the realization of the 2% price stability target.'' There is a virtuous cycle of sustained wage increases in response to price increases, and a virtuous cycle in which wages and prices do not rise. "We are at an inflection point where this way of thinking changes."
Regarding monetary policy, he said, ``I think it is necessary to consider a gear shift from extremely strong monetary easing, including exit measures such as lifting negative interest rates.'' I thought it was necessary.
There is a widespread view in the market that the time is near when the Bank of Japan will raise interest rates for the first time in 17 years, lifting negative interest rates, and the Bank of Japan's decision is attracting attention.
At a press conference after his speech, Commissioner Takada was asked about his attitude toward next month's monetary policy meeting, and responded, ``I will consider what decision I will make on the spot. To some extent, we are in a position where we can achieve this goal.Compared to a year or six months ago, the movement and social atmosphere to respond to a virtuous cycle based on wages has become much more established.'' I did.