- Analytics
- News and Tools
- Market News
- BoJ's Kuroda: Hard for inflation to hit 2% unless wages rise in tandem with prices
BoJ's Kuroda: Hard for inflation to hit 2% unless wages rise in tandem with prices
Reuters reports that the Bank of Japan Governor Haruhiko Kuroda on Friday reiterated the central bank's resolve to keep monetary policy ultra-loose to support the economy's recovery from the COVID-19 pandemic.
"In Japan, nominal wages haven't risen much. It's hard to see inflation sustainably reach our 2% target unless wages rise in tandem with prices," Kuroda told parliament.
There has been no reaction to the comments.
Instead, the markets are fixated on the US Nonfarm Payrolls event today which is not expected to be beneficial to the greenback.
-
US dollar is at the mercy of US Nonfarm Payrolls, 94.60's and 95.80's eyed
However, analysts at TD Securities argued that ''several Fed officials have already made clear that they will discount weak data as temporary. Also, we see upside risk on average hourly earnings, with an already strong trend likely to be added to by temporary Omicron effects relating to the composition of payrolls and the length of the workweek. Our 0.6% MoM estimate for hourly earnings implies 5.3% YoY, up from 4.7% YoY in December.''
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
