Economic news

BOJ’s Noguchi: must keep easy policy to ensure wages keep rising

2023.06.21 22:24


© Reuters. FILE PHOTO: An office employee walks in front of the bank of Japan building in Tokyo, Japan, April 7, 2023. REUTERS/Androniki Christodoulou/File Photo

By Leika Kihara

TOKYO (Reuters) – Bank of Japan board member Asahi Noguchi said on Thursday the central bank must maintain ultra-loose monetary policy to ensure wages, seen as key to driving inflation to the bank’s 2% target, continue to increase as a trend.

In a speech, Noguchi said Japan’s inflation expectations have yet to be anchored at the central bank’s 2% target.

He also warned the BOJ must scrutinise risks to Japan’s economic outlook, such as global economic and financial market uncertainties.

“What’s most important now is for the BOJ to maintain monetary easing and ensure budding signs of wage growth become a sustained, strong trend,” he said in a speech delivered to business leaders in Naha, southern Japan.

Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 75,946.35 1.14%
vested-xor
Vested XOR (VXOR) $ 3,405.08 99,999.99%
ethereum
Ethereum (ETH) $ 2,903.53 1.68%
tether
Tether (USDT) $ 1.00 0.09%
solana
Solana (SOL) $ 198.32 4.90%
bnb
BNB (BNB) $ 597.30 1.28%
usd-coin
USDC (USDC) $ 1.00 0.06%
xrp
XRP (XRP) $ 0.549848 1.82%
dogecoin
Dogecoin (DOGE) $ 0.194485 0.59%
staked-ether
Lido Staked Ether (STETH) $ 2,902.72 1.74%
cardano
Cardano (ADA) $ 0.419049 12.16%
tron
TRON (TRX) $ 0.160369 1.45%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,440.73 1.69%
the-open-network
Toncoin (TON) $ 4.88 1.72%
shiba-inu
Shiba Inu (SHIB) $ 0.000019 0.80%
avalanche-2
Avalanche (AVAX) $ 27.43 1.11%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 75,798.31 1.04%
weth
WETH (WETH) $ 2,901.87 1.61%
chainlink
Chainlink (LINK) $ 12.61 0.22%
bitcoin-cash
Bitcoin Cash (BCH) $ 376.88 0.79%
sui
Sui (SUI) $ 2.31 0.25%
polkadot
Polkadot (DOT) $ 4.15 0.53%
leo-token
LEO Token (LEO) $ 6.38 3.26%
usds
USDS (USDS) $ 1.00 0.13%
litecoin
Litecoin (LTC) $ 71.14 0.29%
uniswap
Uniswap (UNI) $ 8.89 3.64%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,050.69 1.62%
near
NEAR Protocol (NEAR) $ 4.21 1.43%
aptos
Aptos (APT) $ 9.54 1.70%
pepe
Pepe (PEPE) $ 0.000011 2.66%
bittensor
Bittensor (TAO) $ 502.76 5.91%
internet-computer
Internet Computer (ICP) $ 7.71 3.77%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.39 1.95%
dai
Dai (DAI) $ 1.00 0.12%
monero
Monero (XMR) $ 164.70 1.50%
stellar
Stellar (XLM) $ 0.101552 2.57%
ethereum-classic
Ethereum Classic (ETC) $ 20.02 2.00%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.00%
kaspa
Kaspa (KAS) $ 0.113108 7.64%
whitebit
WhiteBIT Coin (WBT) $ 19.67 2.20%
aave
Aave (AAVE) $ 179.95 2.45%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.340965 1.07%
blockstack
Stacks (STX) $ 1.66 2.74%
crypto-com-chain
Cronos (CRO) $ 0.090353 4.27%
okb
OKB (OKB) $ 40.06 0.19%
first-digital-usd
First Digital USD (FDUSD) $ 1.00 0.25%
dogwifcoin
dogwifhat (WIF) $ 2.34 2.62%
arbitrum
Arbitrum (ARB) $ 0.575417 0.60%
filecoin
Filecoin (FIL) $ 3.72 1.76%
mantle
Mantle (MNT) $ 0.652314 5.56%