BoJ must support economy with easy policy, says Governor Kazuo Ueda

The likelihood of durably achieving the BOJ's 2% inflation target was high as growth in average real wages is likely to turn positive in near future, he added.

Reuters

March 27, 2024 / 12:04 IST

BoJ must support economy with easy policy, says Governor Kazuo Ueda

Bank of Japan Governor Kazuo Ueda said on Wednesday it was important to support the economy with accommodative monetary policy for the time being.

"Japan's medium- to long-term inflation expectations, and trend inflation, are still in the process of heading towards 2%," Ueda told parliament.

The likelihood of durably achieving the BOJ's 2% inflation target was high as growth in average real wages is likely to turn positive in near future, he added.

Reuters

first published: Mar 27, 2024 12:04 pm

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