With a view to overcoming deflation and returning the Japanese economy to a sustainable growth path with price stability, the Bank continues to consistently make contributions as the central bank and is currently utilizing a three-pronged approach of pursuing powerful monetary easing through comprehensive monetary easing, ensuring financial market stability, and providing support to strengthen the foundations for economic growth. 1.
If Japan's economic and wage structures remain as they are, it will forestall progress in moving human capital to highly productive sectors so as to place the right people in the right jobs across the country and will keep wage levels stagnant.