BOJ's Ueda: Achievement of inflation target not yet in sight
From channelnewsasia.com
Bank of Japan Governor Kazuo Ueda said on Thursday it was too early to conclude that sustained achievement of the central bank's 2 per cent inflation target can be foreseen, stressing the need to scrutinise more data on the wage outlook. "I don't think we are there yet," Ueda told a news conference after attending the G20 finance leaders' meeting in Sao Paulo, when asked whether achievement of the price goal was already in sight. "We need to confirm whether a positive wage-inflation cycle would kick off and strengthen," Ueda said, adding that companies' annual wage negotiations with unions later this month would be ...
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