BoJ deputy cautions against ‘premature tightening’
Core CPI is not the sole indicator of the BoJ’s monetary policy, says Wakatabe Masazumi
As core consumer prices begin to pick up momentum in Japan, a deputy governor at the Bank of Japan has cautioned against “premature tightening”.
Japan’s core consumer price index (CPI), which excludes fresh food, was still negative in July. But it has started to recover on the back of price spikes in energy and commodity prices, Wakatabe Masazumi said in a speech on September 1.
The recovery could be “transitory”, he warned. “It is essential not to tighten the current accommodative financial
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