A member of the Bank of Japan’s board has said it should continue to raise interest rates, albeit cautiously.
In a speech on November 27, Asahi Noguchi said Japan’s economy was in a transitional phase in which wages and prices were both moving away from being flat and heading towards moderate growth. He said that during this transition the BoJ should manage rate hikes at a gradual pace that would keep inflation within the bank’s 2% target level.
Noguchi expected inflation to reach this target
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: www.centralbanking.com/subscriptions
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com
by :
Source link
