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Ueda: Wages and Prices: Past, Present, and Future
It is a great honor to have this opportunity to address such a distinguished gathering of business leaders in Japan today. Last year in his speech at the Keidanren meeting, former Bank of Japan Governor Kuroda pointed out that we were "approaching a critical juncture in breaking out of the prolonged period of low inflation and low growth." Looking back on 2023, it was indeed a year that saw moves toward a transition. Japan's economy has turned to a moderate recovery, mainly reflecting the normalization of economic activity and a waning of supply-side constraints, and the output gap has improved to around 0 percent. ... (full story)
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BOJ GOVERNOR UEDA SAYS PROSPECT OF ACHIEVING PRICE TARGET GRADUALLY HEIGHTENING
— Breaking Market News (@financialjuice) December 25, 2023
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BOJ GOVERNOR UEDA HOPES FOR JAPAN TO ACHIEVE POSITIVE WAGE-INFLATION CYCLE AND EMERGE FROM LOW-INFLATION ENVIRONMENT
— Breaking Market News (@financialjuice) December 25, 2023
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BOJ GOVERNOR UEDA CONSIDERS CHANGING MONETARY POLICY IF POSITIVE WAGE-INFLATION CYCLE STRENGTHENS AND HEIGHTENS PROSPECTS OF SUSTAINABLY ACHIEVING PRICE TARGET.
— Breaking Market News (@financialjuice) December 25, 2023
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BOJ GOVERNOR UEDA: CANNOT PRE-SET TIMING OF FUTURE POLICY CHANGE, WILL SCRUTINIZE ECONOMIC DEVELOPMENTS AND WAGE/PRICE BEHAVIOR
— Breaking Market News (@financialjuice) December 25, 2023
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