Bank Japan Governor Ueda says cost-push inflation factors likely to gradually dissipate ...Middle East

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Bank Japan Governor Ueda says cost-push inflation factors likely to gradually dissipate
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Bank of Japan Governor Ueda

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    Recent high inflation due largely to lagged effect of past rises in import costs, recent acceleration in food price risesSuch cost-push factors likely to gradually dissipateUnderlying inflation likely to gradually converge towards our 2% target even when temporary boost from food inflation disappearsThere is uncertainty on whether food, rice prices will fall but on year-on-year basis, pace of increase likely to slow aheadUnderlying inflation is still somewhat below 2%We have yet to sufficiently achieve our price target

    Ueda was on the wires earlier:

    Bank of Japan Governor Ueda says expects underlying inflation to accelerate gradually

    JPY is showing a touch of weakness on these latest remarks from ueda:

    This article was written by Eamonn Sheridan at www.forexlive.com.

    Hence then, the article about bank japan governor ueda says cost push inflation factors likely to gradually dissipate was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

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