Japan's Chief Cabinet Secretary Calls for Cooperation Between Central Bank and Government to Achieve Inflation Target

Japan's Chief Cabinet Secretary Minoru Kihara has expressed the need for close collaboration between the Bank of Japan and the government to formulate appropriate monetary policies aimed at achieving a stable and sustainable 2% inflation target. According to Jin10, Kihara emphasized that inflation should be driven by wage growth rather than cost-push factors. This statement highlights the government's focus on ensuring that inflation is supported by economic fundamentals, particularly through increased wages, rather than external cost pressures.