Concerning monetary policy, the Constitutional Democratic Party of Japan reviewed the joint statement of the government and the Bank of Japan, arguing that "another level of monetary easing" has exacerbated the current situation where only prices have risen and wages have not risen. We have compiled a proposal to clarify that we will work together to
In the proposal, the government and the Bank of Japan have set a price target of 2%, and the "unusual monetary easing" has failed to achieve the target even after 10 years. Pointing out that it has made it worse, he says that monetary policy should be revised.
On top of that, it is more rational to set a goal of wage increases that exceed prices, and it is requested that the government and the Bank of Japan review the joint statement and clearly state that both sides will work together to raise real wages.
In December last year, the Bank of Japan changed the fluctuation range of long-term interest rates to "about plus or minus 0.5%". I think we should try to be more flexible.
At a press conference, Izumi said, "I'm worried that we're in a situation where we can't clean up after the 'different dimension of monetary easing,' but someone has to do it, and I showed the common sense way of thinking. ' said.