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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 To Face Further Policy Challenges - Ueda
Bank of Japan Governor Kazuo Ueda said on Thursday the BOJ's monetary policy will face further challenges from year-end to the beginning of next year when the wage outlook becomes clearer.
He told lawmakers the BOJ will continue to explain and manage monetary policy appropriately without elaborating further.
“Sustainable and stable achievement of the 2% price target is not yet envisaged with sufficient certainty and it is important that a virtuous cycle between wages and prices to strengthen.”
He added the BOJ will continue with easy policy "to support economic activity and to reinforce an environment for wage hikes.”
If the BOJ can foresee the achievement of the 2% price target, removal of the negative interest rate and review of yield curve control framework will come in sight, Ueda added.
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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.