- Analytics
- News and Tools
- Market News
- BoJ’s Nagakawa: Prospects of sustainably achieving 2% inflation target gradually heightening
BoJ’s Nagakawa: Prospects of sustainably achieving 2% inflation target gradually heightening
Bank of Japan (BoJ) policy board member Junko Nakagawa is back on the wires on Thursday, via Reuters, expressing his take on the Japanese inflation and economic outlook.
Key quotes
Prospects of sustainably achieving 2% inflation target gradually heightening.
Consumption remains weak in both nominal, real, terms which warrants attention.
It will take until autumn and beyond if we were to wait until smaller firms' wage negotiation outcome.
Will scrutinize whether and how long we should analyze data in deciding policy shift.
When debating ending negative rate, we should also debate fate of other unconventional monetary easing tools in place.
Developments in consumption would be very important factor in deciding when to end negative rates.
Expect wage hikes and prospects of sustained wage gains to underpin consumption.
Don't necessarily need to wait for all of small, mid-sized firms' wage talks outcome in deciding when to end negative rates.
It's important to ensure wages keep rising as a trend, and sustain inflation around 2%.
Market reaction
USD/JPY is off the lows but remains 0.53% lower on the day near 148.55, at the time of writing.
© 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
