Home Business BOJ policymakers debated wage outlook at January meeting-summary By Reuters

BOJ policymakers debated wage outlook at January meeting-summary By Reuters

0
BOJ policymakers debated wage outlook at January meeting-summary By Reuters

[ad_1]


© Reuters. FILE PHOTO: People buy their lunches from street vendors in front of the headquarters of Bank of Japan in Tokyo, Japan, June 17, 2022. REUTERS/Kim Kyung-Hoon

TOKYO (Reuters) – Bank of Japan policymakers debated the outlook of inflation at their January meeting, with some warning that it could take time for wages to rise sustainably, a summary of opinions at their meeting showed on Thursday.

While some board members saw heightening prospects of rising inflation, others said price growth will begin to slow and keep achievement of the BOJ’s 2% inflation target distant, the summary showed.

At the January meeting, the BOJ kept ultra-low interest rates unchanged but beefed up a monetary policy tool to prevent the 10-year bond yield from breaching its 0.5% cap set just a month ago.

[ad_2]

LEAVE A REPLY

Please enter your comment!
Please enter your name here