Japan Targets DemandDriven Inflation to Escape Deflation and Spur Momentum
Sanae Takaichi, Japans minister of economic security, underlined that in order to guarantee sustained growth, demanddriven inflation must be achieved.
Sanae Takaichi, Japans minister of economic security, underlined that in order to guarantee sustained growth, demanddriven inflation must be achieved. She made the case at a policy forum that rising consumer demand and wage growth, rather than solely costpush factors like energy prices, should be the primary causes of inflation. Takaichi emphasised that in order to boost domestic consumption, structural reforms, innovation, and investment are crucial. Her comments are in line with Japans larger initiatives to break free from decades of poor growth and deflation. The government is also working to help industries that are vital to national security and increase productivity. As policymakers attempt to strike a compromise between price stability and economic momentum in the face of global concerns and changing monetary dynamics, Takaichis position reflects increased concern over inflation quality.
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B2B Tech News | 10 days ago