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MNI BRIEF: Signs of Stronger Consumer Price Index - BOJ's Ueda

(MNI) Tokyo

Bank of Japan Governor Kazuo Ueda said on Friday there are signs the consumer price index is stronger than expected.

Ueda told lawmakers that there are uncertainties over the outlook for prices, but he pointed out stronger corporate price-setting activity and high wage hikes this year. He added policymakers will carefully watch various data to examine price moves ahead of the July meeting when the board members review their medium-term economic growth and price views.

A stronger price view could affect the baseline view that the y/y rise in the core consumer price index will fall below 2% toward the middle of this fiscal year.

MNI Tokyo Bureau | +81 90-2175-0040 |
MNI Tokyo Bureau | +81 90-2175-0040 |

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