The Bank of Japan’s Summary of Opinions is coming out in stages.
Key points
It will take time for Japan to achieve sustained wage growth, must support the economy with macro policy.
Focusing on service prices as demand-pull inflation must be achieved for Bank of Jaopan’s price target to be met.
Price rises accelerating not just for goods but for services.
Public’s norm on prices may be changing due to big, external shock.
More to come…
About the Bank of Japan’s Summary of Opinions
This report includes the BOJ’s projection for inflation and economic growth. It is scheduled 8 times per year, about 10 days after the Monetary Policy Statement is released.
