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BOJ's Noguchi on Inflation
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Bank of Japan's Noguchi highlights Japan's lack of wage-driven inflation, attributing it to cost-push factors, emphasizing the need for sustained wage increases to achieve the 2% inflation target.
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How does the lack of wage-driven inflation in Japan compare to other developed economies?
How might sustained wage increases impact Japan's inflation rate?
What are the potential implications of the BOJ's ultra-loose monetary policy on the economy?
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