Reported 25 days ago
Yuichiro Tamaki, a prominent figure in Japan’s opposition, has advised the Bank of Japan not to raise interest rates until after March 2025. He emphasized the importance of analyzing wage deals resulting from annual negotiations before implementing policy changes, advocating for continued monetary easing until nominal wage growth exceeds inflation by 2%. His party, which gained seats in the recent election, is crucial for Prime Minister Shigeru Ishiba's coalition government, highlighting the need for policy cooperation on economic issues.
Source: YAHOO