Bank of Japan decides to lift negative interest rates, creating a virtuous cycle. Will the virtuous cycle become a reality, and will we truly enter an economy where wages and prices rise? Small and medium-sized enterprises are likely to hold the key to this.
An analysis of the Bank of Japan's Tankan says the number of job openings is sluggish, and wage increases are understaffed. The decision to lift the negative interest rate policy was decided by a vote of 7 in favor and 2 against out of the nine policy committee members.