Prime Minister Urges BOJ to Balance Price Stability with Wage Growth

Japan’s leader calls on the Bank of Japan (BOJ – Japan’s central bank) to align monetary policy with national goals for stable prices and rising wages.

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Terms & Concepts
  • Bank of Japan (BOJ): Japan’s central bank responsible for monetary policy, including interest rates and currency stability.
  • Monetary policy: Actions by a central bank to control the supply of money and interest rates to achieve economic objectives.
  • Price stability: A condition in which prices in an economy don’t change much over time, minimizing inflation or deflation.