Free Trial

MNI BRIEF:BOJ Kataoka: CPI Rise Won’t Last; Easy Policy Needed

(MNI) Tokyo
TOKYO (MNI)

Bank of Japan board member Goushi Kataoka said on Thursday that higher consumer prices expected in or after April will not be sustainable.

“There is high possibility that CPI will rise above mid-1% in fiscal 2022 and stay at (those) levels. The rising trend may strengthen, depending on crude oil price moves,” Kataoka, whose term ends July 23, told business leaders in Aomori City via an online speech, see: MNI BRIEF:BOJ Minutes: Finer Communication Need On Easy Policy.

“However, the price rise will not last long and there is no momentum for CPI to rise to 2%, judging from the underlying trend of prices,” he said, adding easy policy should be maintained.

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

To read the full story

Close

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.