Sony Financial's Kanno Says Japan's Wages Need to Rise

The video discusses the Bank of Japan's (BOJ) decision to maintain its current policy, despite dissent from Kataoka, who urges more action to achieve a 2% inflation target by 2018. The market consensus is skeptical about reaching this target soon. The video explores the divided views between hawks and doves on inflation strategy and the challenges faced by the BOJ in stimulating economic growth. It emphasizes the importance of wage rate hikes as a key transmission channel for achieving higher inflation, especially in a tight labor market.

What was the governor's decision regarding the policy change?

What did Kataoka dissent about in the recent discussions?

What is the consensus view regarding the 2% inflation target?

What are the concerns regarding negative rates and yields?

How does the wage rate impact inflation according to the discussion?