Economic news
Some in BOJ saw broadening inflationary pressure – July mtg summary
2022.07.29 03:45
FILE PHOTO: A man wearing a protective mask walks past the headquarters of the Bank of Japan amid the coronavirus disease (COVID-19) outbreak in Tokyo, Japan, May 22, 2020.REUTERS/Kim Kyung-Hoon
TOKYO (Reuters) – Some Bank of Japan (BOJ) policymakers saw signs of broadening inflationary pressure with more companies passing on rising raw material costs to consumers, a summary of opinion of the central bank’s July policy meeting showed on Friday.
“Various firms are recently hiking prices. This indicates a change may be occurring to the conventional mindset among firms towards the idea of raising prices,” one member was quoted as saying.
