Japan Inflation Rises Above BOJ Target Level, Backing Rate Hikes
Japanโs key price gauge rose above the Bank of Japanโs target level for the first time this year, supporting the case for a widely expected BOJ interest rate hike in December.
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Japanโs key price gauge rose above the Bank of Japanโs target level for the first time this year, supporting the case for a widely expected BOJ interest rate hike in December.
Bangkok, Oct. 16 (Jiji Press)--Bank of Japan Governor Kazuo Ueda said Friday that he cannot tolerate underlying inflation rising further above 2 pct. Excluding temporary factors, the underlying inflation rate is quite close to the BOJ's 2 pct target, Ueda reiterated after a series of meetings, including a gathering of finance ministers and central bank chiefs from the Group of 20 major econ...
Kumamoto, Oct. 15 (Jiji Press)--Japan's underlying inflation is gradually stabilizing at around the Bank of Japan's 2 pct target, Junko Koeda, a member of the central bank's Policy Board, said on Thursday. The BOJ will adjust interest rates "in a timely and appropriate manner" to prevent inflation from rising above 2 pct, Koeda said at a press conference in Kumamoto, a city in southwestern ...
Japanese Finance Minister Satsuki Katayama warned speculators that she was prepared to take action in the currency market again if needed, after the yen touched its weakest level against the dollar this month following a heating up of US inflation figures.