Bank of Japan Governor Kazuo Ueda said on Monday that “we need to be more convinced that wages will continue to rise, that rising wages translate into service sector prices, and that the economy remains strong. to weigh the exit from the flexible policy”.
Ueda stated that “new information will always come, so in any meeting there is the possibility of making a certain decision”, when asked about the possibility of the BoJ predicting that inflation will sustainably reach the 2% target. at the next monetary policy meeting in December.
Ueda has said that “let’s not expect the 10-year JGB yield to rise sharply above 1%, even after last week’s YCC adjustment.”
Meanwhile, the Nikkei Asian Review reports that Japan’s largest industrial union, UA Zensen, is seeking a total wage increase of 6% in negotiations next spring.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
