BOJ Governor Ueda links inflation target to wage growth
Governor Kazuo Ueda told parliament that underlying inflation is nearing the 2% target as wages rise. The bank may intervene if bond yields spike sharply.
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Bank of Japan Governor Kazuo Ueda stated on Tuesday that underlying inflation in Japan is gaining momentum toward the central bank's 2% target. Speaking before parliament, Ueda emphasized the necessity of price increases being supported by sustainable wage growth to ensure economic stability.
