The Bank of Japan will hold a meeting to decide monetary policy for two days from the 19th.
At the meeting, as prices continue to rise above the BOJ's target of 2%, discussions are expected to be exchanged on future responses while analyzing how far corporate wage increases will spread in preparation for next year's spring labor offensive.
Due to the soaring raw material prices and the weak yen, the consumer price index in October rose 3.6% from the same month last year, and has exceeded the Bank of Japan's target of 2% for seven consecutive months since April. I'm here.
However, the Bank of Japan said that the rise in prices was due to the rise in import prices of energy and other items, and that it was not a stable rise in prices accompanied by a rise in wages.
Governor Kuroda has repeatedly indicated a policy to continue large-scale monetary easing in order to support the Japanese economy, which is recovering from the impact of the new corona, and to support wage increases, and this policy is expected to be confirmed at the meeting.
Against the backdrop of rising prices and labor shortages, there is a growing momentum among companies to raise wages, but concerns about a slowdown in overseas economies such as China and the United States have heightened uncertainty about the future of the economy.
At the meeting, it is expected that discussions will be held on future responses while analyzing how far corporate wage increases will spread and whether they will be sustainable in preparation for next year's spring labor offensive.