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BoJ Noguchi: We're seeing early signs of change in Japan public's norm based on view prices won't rise much
BOJ'S NOGUCHI: WE'RE SEEING EARLY SIGNS OF CHANGE IN JAPAN PUBLIC'S NORM BASED ON VIEW PRICES WON'T RISE MUCH #News #Markets #JAPAN #capitalhungry
— Capital Hungry (@Capital_Hungry) December 1, 2022
Added at 12:24am
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BoJ's Noguchi: Wages must rise about 3% for inflation target to be met
Just achieving 3% wage growth once, or a single year, is not enough to withdraw stimulus. • A positive cycle of rising wages and inflation is an important condition to meet inflation target. Well, major central banks are coming close to more or less completing their tightening cycle and we are yet to see the BOJ get off their mark. That kind of says a lot about how Japan might never be able to escape the age of ultra easing policy.
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