BOJ Aims to Maintain 2% Inflation Target Amid Climate Change Challenges

Reported about 1 month ago

The Bank of Japan (BOJ) plans to uphold its 2% inflation target despite potential long-term impacts from climate change, as stated by Governor Kazuo Ueda. Ueda emphasized the importance of closely monitoring how climate change and government green initiatives might influence inflation expectations. The Japanese government's green transition strategy includes a substantial fiscal support plan and potential carbon taxes, which could lead to short-term inflationary pressures.

Source: YAHOO

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