Bank of Japan Governor Ueda spoke in front of Parliament again today and said:-
- A low real interest rate supports the economy and inflation.
- The need to monitor foreign exchange and oil for real wages.
- There is no clear evidence that the natural interest rate in Japan has continued to fall from what it was five years ago when it was estimated at almost zero.
- The Bank of Japan can adjust the degree of monetary easing by raising interest rates if the inflation trend gradually accelerates.
It is worth noting that the wage data by the Japanese economy today were not good.
