BOJ’s Ueda: Underlying inflation is still under 2%

  • We’re monitoring the situation with the yen very carefully but it’s the jurisdiction of the ministry of finance
  • Wage inflation is now running at around 2%
  • If you want a 2% inflation rate, you want wage inflation that’s slightly or well-above 2% to match productivity growth, so there’s still some ground to cover
  • Yen is being influenced by many factors, including the policy of these other central banks

This article was written by Adam Button at Source