BOJ Chief Sees Progress Toward Inflation Target But Cautions on Risks to Wage Growth and Cost Pass-Through
-
BOJ chief sees progress towards 2% inflation target, but warns uncertainty remains on wage growth and companies passing on costs.
-
Economy continues recovering but outlook extremely uncertain due to overseas risks like U.S. rate hikes and China slowdown.
-
BOJ focusing on keeping real interest rates negative even as bond yields rise with inflation expectations.
-
Minutes show BOJ board discussing how to communicate future exit from ultra-loose policy.
-
One member said BOJ should start laying groundwork for eventual stimulus exit through communication.