In his address to the National Parliament, the Governor of the Japanese Bank,
Kazuo Ueda warned of the uncertainty surrounding the inflation expectes, and said that the Central Bank expected basic consumer inflation to fall below the 2% target in the second half of the current fiscal year.
And you will patiently maintain the current monetary easing by supporting the economy, we can create a positive economic cycle where wages rise on a nominal and actual basis.
Governor Oeda doesn't seem to be a man in a hurry to change course anytime soon, and it should be noted that next week's meeting of the Bank of Japan will be on 15 and 16 June.
🔻 To follow us on the free Telegram channel from here.
