BOJ board member Noguchi said only a possibility the 2% inflation target is in sight ...Middle East

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BOJ board member Noguchi said only a possibility the 2% inflation target is in sight
Bank of Japan policy board member Asahi Noguchi spoke over the weekend, with comments meant to convey there is no imminent policy pivot in sight:"It's true the impact of elevated global inflation is reaching Japan's economy with consumer inflation exceeding the BOJ's 2% target since the spring of 2022 but the rise (in inflation) is mostly due to cost-push factors amid higher import prices," To achieve our 2% inflation target, we must see price rises backed by sustained wage increases" "While annual spring wage negotiations this year achieved wage hikes unseen in 30 years, we've only just reached a stage where the possibility of achieving our target has come into sight"Noguchi emphasised the

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