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MNI BRIEF: BOJ Kuroda: CPI Rise To 2% Won’t Cause Policy Change

Bank of Japan Governor Haruhiko Kuroda said on Friday that Japan’s core consumer prices may rise to 2% in or after April but it will not cause any policy adjustments.

“The rise in commodity prices will boost (Japan’s) import prices and then push up core CPI to close to 2%. But that’s cost-push price rise, which will lower corporate profits and squeeze households’ real purchasing power,” Kuroda told reporters, see: MNI BRIEF: BOJ Kuroda: Rapid Import Price Rise Bad Inflation.

He also said that initial wage hikes by major firms are relatively high but it’s premature to judge overall as data fromsmaller firms is not available.

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