boj minutes, 2022-07-21
On this basis, members shared the view that, given that the formation of inflation expectations in Japan was largely adaptive, an increase in actual inflation was expected to bring about a rise in households' and firms' medium- to long-term inflation expectations and, through changes in firms' price- and wage-setting stance and in labor-management wage negotiations, lead to a sustained rise in prices accompanied by wage increases.
Sentiment: neutral
Topic: mp_inflation