BoJ’s Shirai: households sceptical of need for 2% inflation
Board member says better communication needed
Households remain unconvinced of the need for higher inflation in Japan, according to Sayuri Shirai, a member of the Bank of Japan's (BoJ) policy board.
In separate speeches to the Bank of England, European Central Bank and Bruegel, a European think tank, Shirai said the BoJ should do more to communicate the advantages of 2% inflation.
"It is essential for the Bank to boost the effectiveness of its communication strategy by explaining more clearly why it aims to achieve the 2% target," she said
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