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MNI BRIEF: BOJ Noguchi: Corp Price Hikes Not Enough For 2% Aim

(MNI) Tokyo
TOKYO (MNI)

Bank of Japan board member Asahi Noguchi told reporters on Thursday that corporate retail price hikes so far are insufficient to achieve the sustained 2% price target and that wage hikes of around 3% are needed to absorb the impact of higher cost-push prices.

The remarks follow an earlier speech that touched on easy policy and the yen.

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Bank of Japan board member Asahi Noguchi told reporters on Thursday that corporate retail price hikes so far are insufficient to achieve the sustained 2% price target and that wage hikes of around 3% are needed to absorb the impact of higher cost-push prices.

The remarks follow an earlier speech that touched on easy policy and the yen.