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BOJ aiming to hit price target backed by wage growth -official

BOJ aiming to hit price target backed by wage growth -official

Reuters · 07/27/2022 21:43
BOJ aiming to hit price target backed by wage growth -official

- Bank of Japan Deputy Governor Masayoshi Amamiya said on Thursday the central bank will maintain ultra-loose monetary policy until its 2% inflation target is achieved sustainably and backed by solid wage increases.

"Achieving our price target means having consumer inflation hit 2% on average over the business cycle, a temporary rise to that level driven by exogenous factors such as increasing energy import costs," Amamiya said in a speech.


(Reporting by Leika Kihara; editing by Christian Schmollinger)

((leika.kihara@thomsonreuters.com; +813-6441-1828; Reuters Messaging: leika.kihara.reuters.com@reuters.))