TOKYO :Bank of Japan (BOJ) Governor Kazuo Ueda on Tuesday stressed the need to keep monetary policy ultra-loose for now, but signalled the chance of raising interest rates if inflation and wage growth overshot expectations.'In light of current economic, price and financial developments, it's appropriate to ma
TOKYO :Bank of Japan Governor Kazuo Ueda on Tuesday stressed the need to keep monetary policy ultra-loose for now, but signalled the chance of raising interest rates if inflation and wage growth overshot expectations.
Ueda reiterated the need to keep Japan's monetary policy loose to achieve the BOJ's 2 per cent inflation target in a sustainable, stable fashion accompanied by wage hikes. At the meeting, the BOJ is expected to keep unchanged its monetary settings and dovish policy guidance to support a fragile economic recovery and budding signs of wage growth.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
BOJ's Ueda: Ready to hike rates if inflation, wages overshootTOKYO : Bank of Japan (BOJ) Governor Kazuo Ueda said on Tuesday the central bank will respond appropriately, such as by raising interest rates, if faster-than-expected growth in inflation and wages warrant tightening monetary policy.At present, however, the BOJ considers it appropriate to maintain its ult
Read more »
BOJ may conduct long-term review of monetary easing - sourcesTOKYO : The Bank of Japan may conduct a comprehensive review of the impact of the monetary easing steps it has taken over the longer term, an idea recently flagged by its new governor Kazuo Ueda, three sources familiar with its thinking said.But there is uncertainty on how soon, and in what format, the ce
Read more »
Bank of Korea's Rhee says some short-term rates have fallen more than expectedSEOUL : The head of South Korea's central bank said on Monday some short-term interest rates had fallen more than he had expected, adding it was probably due to a shift in funds en masse in search of quick profits.Bank of Korea Governor Rhee Chang-yong also told reporters its monetary policy tightening si
Read more »
Vietnam central bank plans loan restructuring for struggling businessesHANOI: Vietnam's central bank will restructure loans for some businesses facing difficulties, including delaying loan repayments, the government said, as it seeks to shore up a slowing economy. Prime Minister Pham Minh Chinh has asked the State Bank of Vietnam to draft the decision with a view to increasin
Read more »
Thai central bank chief sees economy growing at 3.6% this yearBANGKOK : Thailand's economy is still seen growing at 3.6 per cent this year, the central bank chief said on Monday, in spite of some turbulence in the first half of the year.Bank of Thailand (BOT) Governor Sethaput Suthiwartnarueput told reporters exports are seen down 7.1 per cent year-on-year in the fi
Read more »
Vietnam govt asks central bank to restructure loans for struggling businessesHANOI : Vietnam's government said it has asked the central bank to restructure loans for some businesses facing difficulties, including delaying loan repayments, as it seeks to shore up a slowing economy.Prime Minister Pham Minh Chinh has asked the State Bank of Vietnam to draft a decision with a view to
Read more »