Japan's Prime Minister Kishida emphasized the need for wage hikes at small and medium-sized businesses, aiming to pass labor costs onto customers. He also sought larger pay hikes from firms to combat deflation. Bank of Japan Governor Ueda expressed confidence in achieving the 2% inflation target, noting the emergence of a wage-price cycle and the likelihood of policy changes based on spring wage discussions. He acknowledged the side-effects of the negative interest rate policy and indicated a potential end to the policy upon achieving the inflation target.
π΄ BOJ'S GOVERNOR UEDA: HIKING RATE BEFORE 2% TARGET HIT RAISES RISK OF DEFLATION.
π΄ BOJ'S GOVERNOR UEDA: 2% INFLATION TARGET SHOULD NOT BE MODIFIED SO EASILY.
π΄ BOJ GOVERNOR UEDA: PROGRESS MADE ON DEFLATION IF DEFINED AS NEGATIVE INFLATION RATE
π΄ BOJ GOVERNOR UEDA: POSITIVE OUTLOOK MIGHT ALLOW FOR POLICY CHANGE DESPITE NEGATIVE REAL WAGES
π΄ BOJ GOVERNOR UEDA ANTICIPATES MODERATE CONSUMPTION GROWTH TO CONTINUE AFTER SPRING THANKS TO WAGE HIKES
π΄ BOJ GOVERNOR UEDA: ENDING NEGATIVE INTEREST RATES POLICY WHEN 2% INFLATION IS ACHIEVED
π΄ BOJ GOVERNOR UEDA EXPECTS MODERATE WAGE HIKES, WITH REDUCED UNCERTAINTY COMPARED TO LAST YEAR
π΄ BOJ GOVERNOR UEDA: MORE COMPANIES INCREASING WAGES IN THIS YEAR'S SPRING NEGOTIATIONS COMPARED TO LAST YEAR
π΄ BOJ GOVERNOR UEDA FORESEES FURTHER RATE HIKES WHEN EXITING NEGATIVE RATE POLICY
π΄ BOJ GOVERNOR UEDA ACKNOWLEDGES NEGATIVE INTEREST RATE POLICY'S SIDE-EFFECTS
π΄ BOJ GOVERNOR UEDA NOTES PEAK OF 'FIRST FORCE' INFLATION, GRADUAL EMERGENCE OF 'SECOND FORCE' WAGE-PRICE CYCLE
π΄ BOJ GOVERNOR UEDA SAYS IMPORT PRICES' IMPACT CONTINUES, BUT IT IS PAST ITS PEAK
π΄ BOJ GOVERNOR UEDA MAINTAINS STANCE OF CAREFULLY EXAMINING PRICE TRENDS
π΄ BOJ GOVERNOR UEDA: INFLATION TARGET ACHIEVEMENT MORE LIKELY AS ECONOMY FOLLOWS EXISTING PRICE OUTLOOK
π΄ BOJ GOVERNOR UEDA CONFIDENT IN ACHIEVING PRICE TARGET
π΄ BOJ GOVERNOR UEDA CONFIRMS ECONOMY PROGRESSING IN LINE WITH FORECAST
π΄ BOJ GOVERNOR UEDA BELIEVES MAJOR POLICY DISCONTINUITY CAN BE AVOIDED GIVEN CURRENT PRICES AND ECONOMIC OUTLOOKS
π΄ BOJ GOVERNOR UEDA TO REVIEW MONETARY EASING MEASURES, INCLUDING NEGATIVE INTEREST RATES, UPON REACHING 2% INFLATION TARGET
π΄ BOJ GOVERNOR UEDA AFFIRMS THE PRESENCE OF VIRTUOUS CYCLE OF WAGES AND PRICES
π΄ BOJ GOVERNOR UEDA TO CLOSELY MONITOR RESULTS OF SPRING WAGE DISCUSSIONS
π΄ BOJ GOVERNOR UEDA ENCOURAGED BY BIG COMPANIES' COMMENTS ON WAGE HIKES
π΄ BOJ GOVERNOR UEDA: PROBABILITY OF REACHING 2% INFLATION TARGET INCREASING STEADILY
π΄ BOJ GOVERNOR UEDA: PROBABILITY OF REACHING 2% INFLATION TARGET IS INCREASING GRADUALLY
π΄ BOJ GOVERNOR UEDA EXPECTS JAPAN'S ECONOMY TO SLOWLY RECOVER IN THE COMING MONTHS
No #BOJ policy change today but Ueda to signal o signal ready to drop negative rates at April meeting if spring wage negotiations support inflation holding at 2% or higher: Takatoshi Ito of @ColumbiaSIPA, BOJ to Hold Policy Steady, Eye April Move: Ito https://t.co/ba7ezMUhj0
BANK OF JAPAN PREVIEW NOTES! NO INFLATION PROBLEM IN JAPAN! The BoJ has 2024 fiscal year core inflation projects (ex fresh food and energy) at 1.9% as the modal outcome (the same for 2025). To move the needle on policy, the likely need to increase the 2024/2025 assumptions in⦠https://t.co/BkTenGRNCT
π΄ JAPAN'S PM KISHIDA: WE'RE AT CRITICAL PLACE FOR ESCAPING FROM DEFLATION.
π΄ JAPAN'S PM KISHIDA: WE WILL WORK ON STEPS TO PASS LABOR COSTS ONTO CUSTOMERS.
π΄ JAPAN'S PM KISHIDA: WAGE HIKES AT SMALL AND MEDIUM-SIZED BUSINESSES ARE ESSENTIAL.
π―π΅ JAPAN PM KISHIDA GROWTH OUTPACING PRICES NEEDED FOR VIRTUOUS CYCLE π―π΅ KISHIDA: WOULD LIKE TO ASK FIRMS FOR LARGER PAY HIKES THIS YEAR
π΄ JAPAN'S PM KISHIDA: I WOULD LIKE TO ASK BUSINESSES FOR BIGGER PAY HIKES THIS YEAR.
π΄ JAPAN'S PM KISHIDA: WAGE GROWTH IS OUTPACING PRICES REQUIRED FOR A VIRTUOUS CYCLE
π΄ JAPAN'S PM KISHIDA: I EXCHANGED VIEWS WITH LABOR AND BUSINESS LEADERS.