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- BoJ’s Kuroda: Japan seeing broadening trend where rising inflation is being reflected in wages
BoJ’s Kuroda: Japan seeing broadening trend where rising inflation is being reflected in wages
Speaking at his retirement news conference on Friday, outgoing Bank of Japan (BoJ) Governor Haruhiko Kuroda said that “Japan is seeing a broadening trend where rising inflation is being reflected in wages.”
Additional quotes
Japan has made steady progress toward sustainably, steadily achieving BoJ’s price target.
Japan's tightening job market is laying groundwork for wages to rise more.
Hope the ‘norm’ that wages, prices won’t rise will change and inflation target in tandem with wage hikes is achieved.
If wages keep rising next year, we can foresee inflation stably, sustainably hitting BoJ’s price goal accompanied by wage growth.
It is possible to exit from ultra-easy policy while ensuring financial system remains stable.
Timing for achieving inflation target stably, sustainably is nearing as public perception that inflation, wages won't rise is starting to change.
Govt-BoJ joint statement was appropriate in terms of achieving a non-deflationary situation, but won’t comment on future development.
Market reaction
USD/JPY is advancing toward 132.00, adding 0.09% on the day. Kuroda’s last words fail to lift the sentiment around the Japanese Yen.
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