BOJ vows to patiently continue powerful monetary easing to back economy

This advertisement has not loaded yet, but your article continues below. Author of the article: Article content TOKYO — The Bank of Japan (BOJ) will patiently continue its powerful monetary easing to firmly underpin the economy to encourage the labor market to tighten to accompany wage hikes, a senior central bank official said on Tuesday.…
BOJ vows to patiently continue powerful monetary easing to back economy

Author of the article:

Article content

TOKYO — The Bank of Japan (BOJ) will patiently continue its powerful monetary easing to firmly underpin the economy to encourage the labor market to tighten to accompany wage hikes, a senior central bank official said on Tuesday.

“It’s not good for only prices to increase,” Koji Nakamura, head of the BOJ division overseeing monetary policy drafting, told a parliament session.

“It’s important to form a virtuous cycle of price hikes led by increase in household real incomes.” (Reporting by Tetsushi Kajimoto; Editing by Christian Schmollinger)

Article content

Financial Post Top Stories

Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.

By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc. | 365 Bloor Street East, Toronto, Ontario, M4W 3L4 | 416-383-2300

Read More

Total
0
Shares
Leave a Reply

Your email address will not be published.

Related Posts
Irish central bank lowers 2023 inflation forecast to 5%
Read More

Irish central bank lowers 2023 inflation forecast to 5%

DUBLIN — Ireland’s central bank sees inflation growing at a slower than previously forecast 5% this year before falling towards 2% by 2025 when core inflation is expected to be higher than the headline rate. Annual Irish inflation, as measured by the Harmonised Index of Consumer Prices (HICP), has fallen to 8% from a high…
Women force change at Indian iPhone plant, sick from bad food, crowded dorms
Read More

Women force change at Indian iPhone plant, sick from bad food, crowded dorms

Author of the article: Reuters Sudarshan Varadhan and A. Ananthalakshmi and Ahmed Farhatha SRIPERUMBUDUR — For women who assembled iPhones at a Foxconn plant in southern India, crowded dorms without flush toilets and food sometimes crawling with worms were problems to be endured for the paycheck. But when tainted food sickened over 250 of the…
Wheat up on winterkill threat; South American dry weather lifts corn, soy
Read More

Wheat up on winterkill threat; South American dry weather lifts corn, soy

Author of the article: Reuters Christopher Walljasper Published Dec 21, 2022  •  2 minute read Join the conversation CHICAGO — Chicago wheat futures climbed on Wednesday, as forecasts for temperatures well below freezing across the U.S. Midwest threatened winter crops heading into the holiday weekend. Corn and soybeans inched higher, supported by firmer wheat and…
Lupaka Completes Closing of Non-Brokered Private Placement
Read More

Lupaka Completes Closing of Non-Brokered Private Placement

Author of the article: VANCOUVER, British Columbia, Oct. 28, 2022 (GLOBE NEWSWIRE) — Lupaka Gold Corp. (“Lupaka Gold” or the “Company“) (TSX-V: LPK, FRA: LQP) announces that the Company has closed the non-brokered private placement (the “Closing”) previously announced on September 16, 2022 (the “Placement”). At the Closing, the Company issued 2,000,000 units at a…