The Japan Business Federation, or Keidanren, has also indicated in its guidelines for the annual spring labormanagement wage negotiations in 2022 that it is desirable for firms that maintain favorable results or those that have improved their performance to raise wages, including an increase in base pay, to a level that is appropriate for the triggering of a new form of capitalism.
It provides protection, so that we can fulfil our mission free of political influence. At the same time, this privilege of political independence has a price: absolute respect for the limits of our mandate. The most effective way to be accountable to citizens as an independent institution is to assess if and to what extent we fulfil our price stability mission.