Bank of Japan (BoJ) Governor Kazuo Ueda noted late Wednesday that the BoJ continues to grapple with igniting inflation expectations in Japan.
Bank of Japan Governor Kazuo Ueda noted late Wednesday that the BoJ continues to grapple with igniting inflation expectations in Japan.
Japan labor shortages are positively affecting wages. Underlying inflation has been rising slowly. It's still taking time for us to get to 2% inflation in a sustainable manner. When there's huge uncertainty, you usually want to proceed cautiously and gradually. The problem is if you proceed very very gradually and create expectations that rates are going to stay at low levels for a very long time, this could lead to a huge build-up of speculative positions.
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