BOJ Chief Sees Upside Risks to Inflation
Bank of Japan Governor Kazuo Ueda expects underlying inflation to stay near the two percent target while noting potential upside risks. Wage growth remains consistent with the target, though the goal has not yet become a social norm.
Bank of Japan Governor Kazuo Ueda said on Friday that underlying inflation in Japan is expected to stay around 2%, though upside risks remain. Higher energy costs are beginning to drive consumer prices upward with acceleration expected into early next year.
