BoJ’s Ueda: When inflation sustainably hits 2%, wages could rise at the same pace or higher
|Bank of Japan (BoJ) Governor Kazuo Ueda said on Thursday, “when inflation sustainably hits 2%, wages are likely to be rising at around the same pace or higher.”
Additional quotes
Companies becoming more active in raising prices, wages than before.
Whether wage hikes will broaden and become embedded in society, firms begin to hike prices on prospects of rising wages, will be key to judging whether inflation target will be met sustainably.
We will maintain negative rate, ycc framework until sustained achievement of 2% inflation comes into sight.
In what order we will end these policies will depend on economic, price developments at the time of an exit.
Market reaction
USD/JPY was last seen trading at 150.91, marginally lower on the day.
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