Prices have jumped by as much as 4% in recent months, though they increased just 3.1% in February from a year earlier, slowing from the four-decade highs seen in previous months. theSun theSundaily bankofjapan inflation interestrates
Ueda meeting Japanese Prime Minister Fumio Kishida at premier’s official residence in Tokyo on Monday, April 10, 2023. – AFPpicJapan’s new central bank chief said on Monday no major rate increases were on the horizon, and that a long-standing loose monetary policy remained “appropriate”.
“Japan is currently not in a situation where interest rates need to be significantly raised,” Ueda told reporters at his first press conference since taking office. There have been some signs that wages may finally be rising, with major Japanese companies including Toyota, Nintendo and Uniqlo parent Fast Retailing announcing substantial wage increases in recent months.
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