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MNI: End Of Deflation, Zero Lower Bound In Sight - BOJ's Uchida

(MNI) Tokyo
(MNI) TOKYO

Bank of Japan Deputy Governor Shinichi Uchida said on Monday that anchoring inflation expectations to 2% represented a major challenge, but the end of its battle with deflation and the zero lower bound is in sight.

Uchida said at the 2024 BOJ-IMES Conference that, “this time is different” and the “social norm” is set to be dissolved.

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Bank of Japan Deputy Governor Shinichi Uchida said on Monday that anchoring inflation expectations to 2% represented a major challenge, but the end of its battle with deflation and the zero lower bound is in sight.

Uchida said at the 2024 BOJ-IMES Conference that, “this time is different” and the “social norm” is set to be dissolved.

Keep reading...Show less