TOKYO : The Bank of Japan will continue monetary easing to achieve its 2 per cent inflation target accompanied by wage hikes in a sustainable and stable manner, new deputy governor Shinichi Uchida said on Wednesday.The comment followed Ueda's view earlier that it was appropriate to maintain the central ba
TOKYO : The Bank of Japan will continue monetary easing to achieve its 2 per cent inflation target accompanied by wage hikes in a sustainable and stable manner, new deputy governor Shinichi Uchida said on Wednesday.
Ueda's repeated pledge to stand pat on policy may dim any expectations for reversing the BOJ's easy money stance anytime soon, particularly when global markets remain jittery about the risk of contagion from U.S. and European banking sector troubles. Uchida was reading a speech at an annual gathering of trust associations on behalf of Governor Kazuo Ueda, who is traveling to Washington to attend the International Monetary Fund and World Bank group's spring meetings.
"The BOJ will continue with monetary easing so as to achieve the price stability target in a sustainable and stable manner, while supporting the economy together with wage hikes."
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