Bank of Japan Governor Ueda
- Companies becoming more active in raising prices, wages than before
- Whether wage hikes
will broaden and become embedded in society, firms begin to hike
prices on prospects of rising wages, will be key to judging whether
inflation target will be met sustainably - When inflation
sustainably hits 2%, wages are likely to be rising at around the same
pace or higher - We will maintain
negative rate, ycc framework until sustained achievement of 2%
inflation comes into sight - In what order we
will end these policies will depend on economic, price developments
at the time of an exit
Ueda was speaking from his appearance in the Japanese parliament, the Diet.
Ueda is scheduled to speak at 0835 GMT (0335US Eastern time)
This article was written by Eamonn Sheridan at www.forexlive.com. Source