KONTAN.CO.ID - JACKSON HOLE. Underlying inflation in Japan remains "a bit below" the Bank of Japan's 2% target, BOJ Governor Kazuo Ueda said at a Federal Reserve research symposium on Saturday, and as a result the bank will maintain the current approach to monetary policy. "We think that underlying inflation is still a bit below our target," Ueda said. "This is why we are sticking with our current monetary easing framework." Japan's core consumer inflation hit 3.1% in July, staying above the central bank's 2% inflation target for the 16th straight month, as companies continued to pass on higher costs to households.
BOJ's Ueda: Underlying Inflation Still a Bit Below Target
KONTAN.CO.ID - JACKSON HOLE. Underlying inflation in Japan remains "a bit below" the Bank of Japan's 2% target, BOJ Governor Kazuo Ueda said at a Federal Reserve research symposium on Saturday, and as a result the bank will maintain the current approach to monetary policy. "We think that underlying inflation is still a bit below our target," Ueda said. "This is why we are sticking with our current monetary easing framework." Japan's core consumer inflation hit 3.1% in July, staying above the central bank's 2% inflation target for the 16th straight month, as companies continued to pass on higher costs to households.