Goldman's Matsui Says BOJ Policy to Remain as Is

The transcript discusses the current economic trends, focusing on inflation and market expectations. It highlights the global economic recovery, noting low unemployment rates and growth above trend, but with limited wage increases. The Bank of Japan's monetary policy is examined, emphasizing its commitment to a 2% inflation target and the use of qualitative easing with yield curve control. The discussion also covers Japan's labor market, where acute labor shortages are prompting wage increases and shifts from part-time to full-time employment.

What is the significance of the 2% inflation target mentioned in the text?

In what ways are employers responding to labor shortages as mentioned in the text?