Japan
govt spokesperson:
- hope BOJ coordinate with govt on economic policy,
take steps based on understanding agreed upon between govt-BOJ joint
statement -
we
will do our utmost to ensure japan achieves positive wage, inflation
cycle - specific
monetary policy up to BOJ to decide - when
excluding one-off factors from govt utility subsidies, govt expects
Japan’s consumer inflation to move around 1.5% in fiscal 2024
On Friday we had CPI data from Japan showing all 3 main measures remain above the BOJ 2% target:
The government spokesman here is on board with the ‘transitory’ opinion.
This article was written by Eamonn Sheridan at www.forexlive.com. Source