BOJ plans to maintain its 2% inflation target while monitoring climate change's economic impacts.

The Bank of Japan (BOJ) plans to keep its 2% inflation target despite potential climate change impacts. BOJ Governor Kazuo Ueda says the bank will monitor climate change's economic effects and any government measures, including subsidies and a future carbon tax, which could cause temporary inflationary pressures. The Japanese government intends to support green investments with 20 trillion yen over the next decade.

November 09, 2024
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