BOJ chief sees higher chance of wage-driven inflation in Japan

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NAGOYA :Bank of Japan Governor Kazuo Ueda said on Monday the economy was making progress in achieving sustained inflation backed by rising wages, signalling that conditions for raising interest rates again were gradually falling in place".

But we still need to scrutinise developments," Ueda said.

The lack of clear guidance on the timing of the next BOJ rate hike seemed support the dollar, which was last up 0.4 per cent to 154.77 yen.

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Category: EconomyBusiness

Markets: SingaporeJapan

Topics: Kazuo Economy Outlook Economic 2024 Japan Governor Ueda Achieving Bank Nagoya

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-18 @ 09:26:54 (5 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 294 words

Reading Time: 2 minutes read

Sentences: 24 lines

Sentence Length: 13 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 23645144

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Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

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Year Established: 1999

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