TOKYO :Bank of Japan Governor Kazuo Ueda said on Friday the country's corporate price-setting behaviour was showing changes that could work to push up inflation more than expected.However, he stressed anew the central bank's resolve to keep monetary policy ultra-loose, to ensure companies raise wages enough t
TOKYO :Bank of Japan Governor Kazuo Ueda said on Friday the country's corporate price-setting behaviour was showing changes that could work to push up inflation more than expected.
By supporting the economy, the central bank aims to generate a positive cycle in which inflation-adjusted wages will start increasing, he added. The BOJ currently expects core consumer inflation to slow below the central bank's 2 per cent target in the latter half of the current fiscal year, Ueda said.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
BOJ's Ueda: can see inflationary bias in corporate price-setting behaviourTOKYO : Bank of Japan Governor Kazuo Ueda said on Friday the country's corporate price-setting behaviour was showing changes that could work to push up inflation more than expected.He also told parliament that the central bank will scrutinise various pieces of data in producing its next quarterly growth a
Read more »
Bank of Korea: early policy shift may add pressure on local currencySEOUL : South Korea's central bank warned on Thursday that an early shift in its monetary policy stance could pile more pressure on the local currency, a risk that needs to be properly addressed.Highly uncertain inflation, accumulated financial imbalance, and credit risks related to the real estate market
Read more »
Bank of Korea: Early policy shift may add pressure on local currencySEOUL: South Korea's central bank warned on Thursday (Jun 8) that an early shift in its monetary policy stance could pile more pressure on the local currency, a risk that needs to be properly addressed. Highly uncertain inflation, accumulated financial imbalance, and credit risks related to the real estate
Read more »
Discovering Tokyo’s old-school places using a 20-year-old travel guidebookUsing a guidebook published more than 20 years ago, this New York Times writer searches out the bars and restaurants that express Tokyo's traditional eating and drinking culture.
Read more »
Tokyo Gas to spend $1.4 billion on renewable power at home and abroadTOKYO : Japan's Tokyo Gas is shifting its overseas focus to renewable energy and away from regional upstream gas projects as it seeks to combat climate change, its president said, although it will invest in liquefied natural gas (LNG).In common with global peers, Japanese energy companies are changing the
Read more »
Philippine GDP to grow faster than expected this year - World BankMANILA : The Philippine economy is poised to expand faster than expected this year, albeit still seen to post a slowdown versus 2022, thanks to resilient domestic demand despite high inflation and tight fiscal conditions, the World Bank said on Wednesday.The World Bank sees the Philippines' gross domestic
Read more »