BoJ’s Nakaso: More to be done to anchor expectations

bankofjapan
Bank of Japan

Bank of Japan deputy governor Hiroshi Nakaso believes there are "green shoots" emerging with regard to inflation expectations in the economy, but warns firmly anchoring them at 2% will require "continued efforts down the road".

Nakaso told an audience at the US Monetary Policy Forum in New York that long-term inflation expectations "have recently been gathering momentum" while more firms have expressed their willingness to raise wages this year.

Taken together, these provide "clear indications o

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