"Directors noted that raising inflation to the 2 percent target remained challenging. They
encouraged the authorities to continue to strengthen wage-price dynamics, through emphasis on wage growth in the tripartite dialogue, encouragement of risk-taking in the financial sector, and
if needed, further monetary policy action. "
"In particular, they (the Directors) felt that the Bank of Japan could provide stronger guidance to markets through enhanced communication and put greater emphasis on achieving the inflation target in a stable manner."
"In particular, they (the Directors) felt that the Bank of Japan could provide stronger guidance to markets through enhanced communication and put greater emphasis on achieving the inflation target in a stable manner."
GDP is expected to
grow at an above-potential pace this year (0.8 percent). Inflation remains well below the Bank of Japan’s 2 percent
target partly due to commodity price developments favorable wage-price
dynamics,..
Source of data: IMF Release 15/352 dated 23July 2015
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