Digital Euro: The Future of Money

In trend terms, in March 2024: • unemployment rate remained at 3.9%. • participation rate decreased to 66.6%. • employment increased to 14,259,800. • employment to population ...

post: BOJ'S NOGUCHI SAYS ITS SHORT-TERM POLICY RATE ADJUSTMENT LIKELY TO BE SLOW Full Story ? https://t.co/u9YN4sojP4 pic.twitter.com/IgtcttrNV4 BoJ’s Noguchi: Focus now is on the pace at which the policy rate will be adjusted Bank of Japan (BoJ) board member Asahi Noguchi said on Thursday that the “focus now is on the pace at which the policy rate will be adjusted and at what level it will eventually stabilize.” Additional quotes: • Essential for BoJ to maintain ultra-loose monetary policy, seek balance in labour supply and demand. • Japan is seeing wage hikes unseen in the past via spring wage negotiations. • Essential to continue to maintain appropriate balance between labour supply and demand through the continuation of its accommodative monetary policy to achieve the 2% price target. • Japan must achieve positive wage-inflation cycle as soon as possible and for this, service prices must keep rising. • Last year's spring labour-management negotiations have triggered an unprecedented wave of wage increases. • Another factor that is key is for small manufacturers to be able to smoothly pass on rising wage costs to prices. • If wage hike translates into higher prices, that will show through rise in service prices and this trend is clearly appearing. Long-term neutral inBOJ's Noguchi says its short-term policy rate adjustment likely to be slow Bank of Japan board member Asahi Noguchi said on Thursday that the pace of adjustment in short-term policy rate of the central bank will be slow and made at a pace that cannot be compared to that of other major central banks. A former academic, Noguchi was among two dissenters in the BOJ's nine-member board in the bank's decision last month to end eight years of negative interest rates and other remnants of its massive stimulus programme.