What is the relationship between wage increases and inflation as mentioned in the text?
BOJ Will Mull Rate Shift If Inflation Goal in Sight: Ueda
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The video discusses the current economic strategy focusing on maintaining a stable inflation rate of 2% alongside wage increases. It outlines the ongoing commitment to monetary easing under the existing framework. The video also explores potential future actions, such as scrapping Yield Curve Control (YCC) and modifying the negative interest rate, contingent upon achieving economic goals.
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What does YCC stand for in the context of monetary policy?
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