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MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessMNI BRIEF: BOJ Cannot Sufficiently Foresee 2% Target - Ueda
Bank of Japan Governor Kazuo Ueda said on Monday that the BOJ cannot sufficiently foresee the probability that the economy will achieve the 2% price target in a stable and sustainable manner.
Ueda told lawmakers that Japan’s economy is recovering moderately and the output gap has improved close to zero percent but there is high uncertainty that a virtuous cycle between wages and prices will strengthen in the future.
Japan's output gap was estimated at -0.07% in Q2, narrowing from -0.41% in Q1 for the 13th consecutive quarterly negative gap, indicating upward pressure on prices continues increasing gradually with a time lag, data released by the BOJ showed.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.