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Reaching 2% inflation goal necessary for BOJ easy policy exit, says ex-board member Kataoka
The Bank of Japan (BOJ) will be able to gradually shift away from its easy monetary policy only after ensuring its 2 per cent inflation goal has been sustainably achieved, former board member Goushi Kataoka said on Monday. Kataoka expected the Spring 2024 wage negotiations to be key for the BOJ's inflation mission, he told the Reuters Global Markets Forum (GMF) in an interview. "Next year's wage negotiations will require nominal wages to rise at least as much as this year's to confirm a virtuous cycle of income, spending and prices," he said, adding an exit from easy policy won't be possible "until after next ... (full story)