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MNI: High Uncertainty, Despite 2% Strengthening - BOJ Uchida

(MNI) Tokyo
(MNI) TOKYO

The BOJ's Deputy Governor Shinichi Uchida weakened the possibility of a March move, noting high uncertiny still weighed.

Bank of Japan Deputy Governor Shinichi Uchida's comments on Thursday has somewhat weakened the chance of a March policy change, despite noting the probability of the Japanese economy achieving the 2% price target had increased.

“The 2% target is expected to be achieved in a desirable manner accompanied by wage increases," Uchida told business leaders in Nara City. "The likelihood of realising this outlook has been gradually rising, although there remain high uncertainties over future developments.”

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Bank of Japan Deputy Governor Shinichi Uchida's comments on Thursday has somewhat weakened the chance of a March policy change, despite noting the probability of the Japanese economy achieving the 2% price target had increased.

“The 2% target is expected to be achieved in a desirable manner accompanied by wage increases," Uchida told business leaders in Nara City. "The likelihood of realising this outlook has been gradually rising, although there remain high uncertainties over future developments.”

Keep reading...Show less