Bank of Japan board member Naoki Tamura said the central bank could have enough data in the first quarter of next year to judge whether inflation can sustainably hit its 2% target, a prerequisite for phasing out ultra-loose monetary policy.
While inflation already exceeds its 2% target, the BOJ has pledged to maintain ultra-low interest rates until there is more evidence that level can be met in a sustained fashion.
Tamura said a sustained, stable achievement of the bank's 2% inflation target was now "clearly in sight," as companies shed their aversion to price and wage hikes. "It's appropriate at this stage to sustain monetary easing, and earnestly scrutinise wage and price developments," Tamura said a speech to business leaders in Kushiro, northern Japan.
"But I'm hoping that around January through March next year, we will have further clarity" on whether Japan can sustainably meet the bank's inflation target through wage and price data available by then, he said.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Japan’s Government: Inflation is at 'inflection point', must work closely with BoJin its annual economic white paper presented on Monday, the Japanese government said, 'Japan has seen price and wage rises broaden since the spring of
Leer más »
USD/JPY snaps three-day winning streak to drop towards 146.00 on Japan inflation, BoJ concernsUSD/JPY bears flex muscles around 146.40 while printing the first intraday loss, down 0.10% on a day, heading into Tuesday’s European session. In doin
Leer más »
Japanese financial regulator to monitor BOJ amid shifting central bank policiesJapan's financial regulator will maintain a close watch on the impact of central bank policies on regional banks as the nation moves towards normalizing its monetary strategies.
Leer más »
China, Japan agree to postpone head of Japan coalition partner visit -Chinese ministryChina's foreign ministry said on Monday that China and Japan have agreed to postpone a visit by the head of Japan's Komeito party, the junior partner in the coalition government, given current strains between the two countries.
Leer más »
BOJ policymaker signals chance of policy tweak early next year By ReutersBOJ policymaker signals chance of policy tweak early next year
Leer más »
BOJ Ueda says China's slowdown adds to economic uncertainty By ReutersBOJ Ueda says China's slowdown adds to economic uncertainty
Leer más »