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MNI BOJ WATCH: Ueda Hints At April End To Negative Rates

(MNI) Tokyo
(MNI) TOKYO

The BOJ is close to achieving its 2% inflation target, Governor Kazuo Ueda says.

The Bank of Japan’s 2% inflation target is in sight as signs build of a virtuous cycle between wages and prices, Governor Kazuo Ueda said on Tuesday after the BOJ left policy unchanged at its meeting, in comments which pointed to a possible move away from negative rates in April.

“If the virtuous cycle strengthens and if the BOJ can be confident of the 2% price target, the Bank will examine whether it is appropriate for the BOJ to continue with easy policy, including the negative interest rate policy,” Ueda told reporters

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The Bank of Japan’s 2% inflation target is in sight as signs build of a virtuous cycle between wages and prices, Governor Kazuo Ueda said on Tuesday after the BOJ left policy unchanged at its meeting, in comments which pointed to a possible move away from negative rates in April.

“If the virtuous cycle strengthens and if the BOJ can be confident of the 2% price target, the Bank will examine whether it is appropriate for the BOJ to continue with easy policy, including the negative interest rate policy,” Ueda told reporters

Keep reading...Show less