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Search resuls for: "Bank of Japan policymaker Junko Nakagawa"


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As a result, it was hard to say when inflation could hit the bank's 2% inflation target in a sustainable manner, she said. "But we're not at a stage where we can judge that Japan has achieved our price target in a stable, sustainable fashion." The BOJ has defined sustainable inflation as price rises driven not by rising raw material costs, but strong domestic demand accompanied by continued wage increases. But she laid out in detail the conditions for ending negative rates. "When we see many people share prospects that wages will keep rising, we may be able to exit (negative rates)," she added.
Persons: Androniki, Nakagawa, Bank of Japan policymaker Junko Nakagawa, Haruhiko Kuroda, We're, Kazuo Ueda, Leika Kihara, Tom Hogue, Kim Coghill, Emelia Organizations: REUTERS, Bank of Japan, Thomson Locations: Japan, Tokyo, KOCHI, Kochi
An office employee walks in front of the bank of Japan building in Tokyo, Japan, April 7, 2023. An increasing number of Japanese companies were raising prices and wages, Nakagawa said, adding that there was a chance inflation could accelerate more than initially expected. But there was also a risk inflation could slow once the pass-through of higher costs moderate, she said. "But we're not at a stage where we can judge that Japan has achieved our price target in a stable, sustainable fashion." Reporting by Leika Kihara; Editing by Tom Hogue and Kim CoghillOur Standards: The Thomson Reuters Trust Principles.
Persons: Androniki, Bank of Japan policymaker Junko Nakagawa, Nakagawa, Kazuo Ueda, Leika Kihara, Tom Hogue, Kim Coghill Organizations: REUTERS, Rights, Bank of Japan, Thomson Locations: Japan, Tokyo, Rights KOCHI, Kochi
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