BOJ's Kuroda: Japan has made steady progress towards achieving inflation target
- There is a broadening trend where rising inflation is reflected in wages
- Job market tightening is laying the groundwork for wages to rise further
- Hopes that inflation target can be achieved together with rising wages
Kuroda's term as governor of the Japanese central bank will come to an end tomorrow. It is rather unfortunate that they haven't managed to achieve much else during his tenure, with negative interest rates and ultra easing policy being the cornerstones of what was needed amid economic and demographic challenges in the past decade.
But he is at least setting up the platform for his successor, Kazuo Ueda, to perhaps be able to launch Japan out of the existing policy cycle - something which looked like an impossible scenario before the Covid pandemic.
This article was written by Justin Low at www.forexlive.com.from Forexlive RSS Breaking News Feed https://ift.tt/SNB5kvx
Analytic Dave
AnalyticalDave is a personal financial analysis portfolio that captures my Derivatives trading, stock, and investing journey. My portfolio does NOT act as a financial advisor to any community. It is only purposed for journaling my story as a self-taught trader and investor.
