Japan's government plans a flexible policy response to soft consumption and uncertain inflation outlook in its annual economic blueprint.
Japan's government plans to call for a flexible policy in response to soft consumption and uncertainty over inflation outlook, according to a draft of its annual economic blueprint. The government and Bank of Japan will work closely, guiding policy according to economic and price developments. The aim is to create an environment where wages rise faster than inflation. The draft will be presented to ruling party lawmakers and finalised at a Cabinet meeting on June 21.
June 10, 2024
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