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BOJ chief says underlying inflation 'quite close' to price goal
TOKYO: Bank of Japan Governor Kazuo Ueda said on Monday underlying inflation is “quite close” to the central bank’s 2% target with strong global AI demand adding to inflationary pressure from a tight job market. The remarks came ahead of the central bank’s key policy meeting later this month, where it will release fresh quarterly growth and inflation forecasts which will be scrutinised by markets for clues on the next interest rate-hike timing. “It is becoming more important to anchor underlying inflation around our 2% target,” Ueda told parliament. While rising raw material costs from the Mid...
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