BoJ’s Ueda eyes future hikes on labor-driven inflation

BoJ Governor Kazuo Ueda said today that Japan’s underlying inflation could “stagnate” in the short term as economic growth slows. But he remains confident it will “accelerate thereafter”. He pointed to “intensifying labor shortages” as a source of upward pressure on medium- to long-term inflation expectations. Ueda emphasized that BoJ stands ready to hike rates […]

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