From BigGo Finance · BigGo Finance · · 1m
Bank of Japan Governor Ueda on Inflation Near 2%
Bank of Japan Governor Ueda says underlying inflation nears 2% as stabilizing prices becomes key priority.
In brief
Bank of Japan Governor Ueda says underlying inflation nears 2% as stabilizing prices becomes key priority. Bank of Japan Governor Ueda states underlying inflation has approached 2% and stabilizing prices around that level is now the priority. Originally reported by BigGo Finance.
Bank of Japan Governor Ueda
Bank of Japan Governor Kazuo Ueda told the House of Councillors Budget Committee underlying inflation rate has come quite close to 2%.
“has come quite close to 2% at present”
Inflation Stabilization Focus
Ueda says stabilizing inflation around 2% is now more important than reaching the target.
“We are now in a phase where the perspective of stabilizing prices at around 2% is more important”
Inflation Types
Ueda states current inflation is hard to distinguish between cost-push and demand-pull factors.
“Generally speaking, it is quite difficult to clearly distinguish between the two”
Energy and AI Impact
Middle East energy prices and AI demand are pushing up inflation through cost and demand factors.
“rising energy and raw material prices due to the Middle East situation can be regarded as cost-push inflation”
Wage and Price Pass-Through
Tight labor market and moderate economic recovery continue wage increases to prices.
“firms continue to pass wage increases through to prices”
At a glance
Bank of Japan Governor Ueda states underlying inflation has approached 2% and stabilizing prices around that level is now the priority.
