Nation Thailand
BOJ Ueda strives to keep inflation target firmly at two per cent
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During a conversation with International Monetary Fund Managing Director Kristalina Georgieva at the day's IMF event in Washington, Ueda said the BOJ expects underlying inflation to stay at around 2% but sees "some upside risks." It is necessary to k
Key facts
- Thailand drafts 2027 PM2.5 policy targeting 5–10% reduction
- I'd say 2% inflation hasn't quite become a social norm yet,"
- Noting that prices and wages are rising at broadly consistent rates, Ueda said that the BOJ is still unsure about whether the economy "could stay in that equilibrium for a very long time to come."
- 30, the BOJ concluded for the first time since adopting its 2 pct inflation target in January 2013 that underlying inflation had reached the target.
Summary
During a conversation with International Monetary Fund Managing Director Kristalina Georgieva at the day's IMF event in Washington, Ueda said the BOJ expects underlying inflation to stay at around 2% but sees "some upside risks." It is necessary to keep the rate at around 2% "for years to come through appropriate adjustment of monetary policy," Ueda said.
Noting that prices and wages are rising at broadly consistent rates, Ueda said that the BOJ is still unsure about whether the economy "could stay in that equilibrium for a very long time to come."