Former BOJ Economist on Inflation, Wage Increase Targeting

The video discusses a proposed shift in monetary policy by the Bank of Japan, suggesting a move from targeting price inflation to focusing on wage increases. This change aims to improve public support for monetary policies, as wage increases are more favorable to consumers than price hikes. The discussion highlights the potential benefits of this approach, including better communication with the public and increased policy support.

What is the proposed change in the monetary policy framework mentioned in the text?

How does the speaker suggest the Bank of Japan should shift its targeting focus?

What is the public's perception of raising prices according to the text?

What are the potential benefits of switching from price inflation targeting to wage increase targeting?

What does the speaker believe about the mentality of consumers if the targeting shifts to wage increases?