Bank of Japan Governor Kazuo Ueda stated that the 2% inflation target is not yet achieved, emphasizing the importance of annual wage negotiations for sustained achievement. Ueda expects a recovery in Japan's consumption with positive results from spring wage talks, noting a soft landing in the global economy, particularly in the US. Despite Japan's negative GDP in Q4, the economy is likely stabilizing after strong growth post COVID-19 restrictions. Ueda believes Japan's recent recession is a rebound from robust quarters and anticipates a gradual recovery of the economy.
Japan’s ruling parties have failed to agree to allow exports of a next-generation fighter jet before a deadline set by Prime Minister Fumio Kishida https://t.co/wAFs8yL652
Japan’s ruling parties have failed to agree to allow exports of a next-generation fighter jet before a deadline set by Prime Minister Fumio Kishida https://t.co/VOoOL4sOqt
Japan’s ruling parties have failed to agree to allow exports of a next-generation fighter jet before a deadline set by Prime Minister Fumio Kishida https://t.co/rteERRhRZS
Bank of Japan Gov. Kazuo Ueda has said that the central bank’s price target is not already in sight, a comment that may temper speculation over the bank’s first rate hike since 2007. https://t.co/UbsAUlgiSA
BOJ chief Ueda stops short of declaring 2% price goal met https://t.co/uBDNIBroAr https://t.co/73OQq3Yk6o
Bank of Japan Governor Kazuo Ueda said the Bank of Japan’s price target is not yet in sight https://t.co/MWEzgRpl7w
BoJ’s Ueda: Likelihood Of Soft Landing In Global Economy, Notably In US, Is Becoming Baseline View - Roughly Matches BoJ Projection In Jan
BoJ’s Ueda: Economy Not Yet In Situation Where Sustained Achievement Of 2% Inflation Can Be Foreseen - Says Wage Negotiations Are Key
🔴 BOJ GOVERNOR UEDA: SOFT LANDING IN GLOBAL ECONOMY, PARTICULARLY IN THE US, IS BECOMING BASELINE VIEW, WHICH ALIGNS WITH OUR PROJECTION MADE IN JANUARY.
🔴 BOJ GOVERNOR UEDA EXPECTS RECOVERY IN JAPAN'S CONSUMPTION WITH SOLID RESULTS FROM SPRING WAGE TALKS
🔴 BOJ GOVERNOR UEDA SAYS JAPAN'S GDP WAS NEGATIVE IN Q4, BUT ECONOMY LIKELY FLATTENING AFTER STRONG GROWTH DUE TO REOPENING FROM COVID CURBS.
🔴 GOVERNOR OF BOJ UEDA WANTS TO CONSIDER COLLECTIVE OUTCOME OF WAGE TALKS AND CONDUCTED FIRM HEARINGS
🔴 BOJ GOVERNOR UEDA NOTES HIGHER WAGE GROWTH DEMAND FROM LABOR UNIONS YEAR ON YEAR, BIG FIRMS SHOW INTEREST IN HIKING WAGES
BOJ UEDA: In judging whether sustained achievement of 2% inflation target can be foreseen, this year’s annual wage negotiation outcome is key #cgtnamerica
🔴 BOJ GOVERNOR UEDA SAYS ANNUAL WAGE NEGOTIATION OUTCOME KEY IN JUDGING SUSTAINED ACHIEVEMENT OF 2% INFLATION TARGET
BOJ UEDA: Japan’s economy not yet in situation where sustained achievement of 2% inflation can be foreseen #cgtnamerica
🔴 BOJ'S GOVERNOR UEDA: I CANNOT SEE YET INFLATION TARGET IS MET.
🔴 BOJ'S GOVERNOR UEDA: THERE'S NO CHANGE IN MY VIEW THAT JAPAN'S ECONOMY IS TO RECOVER MODERATELY.
BoJ’s Ueda: Japan’s Economy Expected To Continue Gradual Recovery
🔴 BOJ'S GOVERNOR UEDA: JAPAN'S ECONOMY WILL CONTINUE A GRADUAL RECOVERY.
🔴 BOJ'S GOVERNOR UEDA: WAGE NEGOTIATIONS WILL OFFER A TAILWIND.
🔴 BOJ'S GOVERNOR UEDA: INFLATION IS EASING AT A QUICK PACE.
🔴 BOJ'S GOVERNOR UEDA: RECENT RECESSION IS REBOUND FROM STRONG QUARTERS.