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MNI BRIEF: BOJ's Wakatabe: Looking At Long-Run Core CPI

(MNI) Tokyo
TOKYO (MNI)

Bank of Japan Deputy Governor Masazumi Wakatabe said on Wednesday that the BOJ should not tighten its credit grip based on the near-term movements of the consumer price index.

"It is essential not to tighten the current accommodative financial conditions prematurely by only looking at developments in the core CPI in the short run," Wakatabe told business leaders in Hiroshima City via an online conference in prepared remarks.

He also noted the "BOJ's inflation-overshooting commitment incorporates the strategy of making up for the past deflation."


MNI Tokyo Bureau | +81 90-2175-0040 | hiroshi.inoue@marketnews.com
MNI Tokyo Bureau | +81 90-2175-0040 | hiroshi.inoue@marketnews.com

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