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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