In the media | 28 Jul 2023
CNBC: The Bank of Japan is preparing for both upside and downside risks, economist says
Shigeto Nagai
Head of Japan Economics
Shigeto Nagai, Head of Japan Economics at Oxford Economics, joins CNBC to discuss the BoJ’s decision to make its yield curve control policy more flexible.
Watch the interview below:
To download our latest reports for Japan, please check Resource Hub – Oxford Economics.
Tags:
You may be interested in
Post
How Asia’s supply chains are changing | Techonomics Talks
Global supply chains have continued to expand, despite talk of deglobalization and nearshoring. US and Japan have started to de-couple from China, but other G7 countries grow more dependent on Chinese inputs. Several "hotspots" are emerging across Asia with multiple winning formulas.
Find Out More
Post
BoJ to raise its policy rate cautiously to 1% by 2028
We now project that the Bank of Japan will start to raise its policy rate next spring assuming another robust wage settlement at the Spring Negotiation. If inflation remains on a path towards 2%, the BoJ will likely raise rates cautiously to a terminal rate of around 1% in 2028.
Find Out More
Post
Japan inflation to rise to 1.8%, but downside risks are high
Reflecting a surprisingly strong Spring Negotiation result and weaker yen assumption, we have upgraded our baseline wage and inflation forecasts. We now project higher wage settlements will push inflation towards 1.8% by 2027. Uncertainty is high, however.
Find Out More