Bank of Japan Governor Kazuo Ueda Highlights Progress Towards Inflation Target

Bank of Japan Governor Kazuo Ueda Highlights Progress Towards Inflation Target

Bank of Japan Governor Kazuo Ueda stated that Japan's underlying inflation is gradually increasing and getting closer to the central bank's 2% target. He mentioned that with the tightening labor market conditions, companies are adjusting their wage and pricing strategies, leading to progress in achieving the inflation target. Ueda addressed this during a speech to Japan's business lobby Keidanren.

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