BOJ’s Ueda: Underlying inflation still a bit below target

JACKSON HOLE, Wyoming (Reuters) – 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, adding that was an argument for maintaining 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.”

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