Free Trial
CNH

USD/CNH Eyeing Break Back Below 6.7800

AUD

A$ Rallies On More Hawkish RBA Outlook

USDCAD TECHS

Bounce Considered Corrective

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

MNI BRIEF: BOJ's Noguchi Says Price Expectations Must Rise

(MNI) Tokyo
(MNI) Tokyo

Bank of Japan board member Asahi Noguchi said on Thursday that second-round effects, such as a rise in inflation expectations that leads to wage hikes, is necessary in Japan and maintaining easy policy is needed to deliver that.

“Differing from the U.S. and Europe that are suffering from the second-round effect amid high inflation rates, the underlying trend of prices remains low in Japan, so the second-round effect is necessary,” Noguchi told business leaders in Akita City.

Keep reading...Show less
161 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

Bank of Japan board member Asahi Noguchi said on Thursday that second-round effects, such as a rise in inflation expectations that leads to wage hikes, is necessary in Japan and maintaining easy policy is needed to deliver that.

“Differing from the U.S. and Europe that are suffering from the second-round effect amid high inflation rates, the underlying trend of prices remains low in Japan, so the second-round effect is necessary,” Noguchi told business leaders in Akita City.

Keep reading...Show less