Bank of Japan (BOJ) policymakers saw the need to keep ultra-low interest rates but discussed growing prospects that higher wages could finally eradicate the risk of a return to deflation, a summary of opinions at their December meeting showed.
Their increasing attention to mounting inflationary pressures could keep alive market expectations the BOJ will phase out dovish Governor Haruhiko Kuroda's massive stimulus when he steps down in April next year.
But discussions at the board delved into signs of change in Japan's price outlook that could lay the groundwork for a withdrawal of stimulus when Kuroda departs next year. "There is a chance that relatively high wage increases will be achieved in Japan" on robust corporate profits and a growing number of firms keen to beat intensifying labour shortages with higher pay, another opinion showed.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Japan PM Kishida: Premature to say if government-BOJ statement will be revisedAfter the rejection of monetary policy tightening by Bank of Japan (BOJ) Governor Haruhiko Kuroda, Japanese Prime Minister Fumio Kishida also crossed
Read more »
Japan ex-top finance official Nakao says BOJ adjustments will smooth change of governorThe Bank of Japan (BOJ) has modified its stimulus measures to ease the transition away from an unconventional monetary policy when Governor Haruhiko Kuroda retires in April, former top currency diplomat Takehiko Nakao told Reuters in an interview.
Read more »
Japan’s Ex-MoF Nakao: Widening YCC band to make policy transition smootherJapan’s former Top Currency Diplomat and a potential contender to replace Bank of Japan (BoJ) Governor Haruhiko Kuroda, Takehiko Nakao, spoke about a
Read more »
Japan’s Ex-MoF Nakao: BoJ should alter current easing policy framework as side effects mountJapan’s former Top Currency Diplomat Takehiko Nakao said on Tuesday, the Bank of Japan (BoJ) should alter current easing policy framework as side effe
Read more »
BOJ Kuroda: Widening of yield band not step towards easy policy exitBank of Japan (BOJ) Governor Haruhiko Kuroda said on Monday the central bank's decision last week to widen the allowance band around its yield target was 'absolutely not a first step' towards an exit from ultra-loose monetary policy.
Read more »
BOJ Kuroda dismisses near-term chance of exiting easy policyBank of Japan (BOJ) Governor Haruhiko Kuroda on Monday brushed aside the chance of a near-term exit from ultra-loose monetary policy, although markets and policymakers are signalling an increasing focus on what comes after Kuroda's tenure ends.
Read more »