TOKYO: The Bank of Japan (BoJ) may need to pay more attention to job and household income in guiding monetary policy, according to deputy governor Masazumi Wakatabe, as the coronavirus pandemic pushes the economy deeper into recession.
In an online briefing, Wakatabe said there were many lessons to learn from the US Federal Reserve’s new policy strategy that focuses more on creating jobs and boosting household income.
Already a subscriber? Log in.
Subscribe to win RM50 Touch 'n Go e-Voucher! More Info
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!