BOJ member Nakamura warns Japan's economy may not reach 2% inflation target by 2025 due to weak consumption.
Bank of Japan (BOJ) member Toyoaki Nakamura has warned that Japan's economy may not achieve its 2% inflation target by 2025 due to stagnant consumption. Nakamura, who dissented in the BOJ's decision to exit negative interest rates in March, highlighted weak signs in consumption and slowing global growth. His views suggest lingering uncertainties over whether the BOJ will raise interest rates this year from near-zero levels, as Japan's economy contracted 2% in the first quarter.
June 06, 2024
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