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BOJ's Nakamura: Inflation may not reach 2% from FY 2025 on if consumption weakens
Bank of Japan policy board member Nakamura: • Japan's economy recovering moderately albeit some weak signs. • My view is that inflation may not reach 2% from fiscal 2025 onward if consumption weakens. • Will focus on whether inflation-adjusted consumption turns positive, in deciding future monetary policy. • Based on current data, it is appropriate to keep policy intact for time being. • Pass-through of wages to inflation remains weak but closely monitoring situation.
Added at 9:35pm
Added at 9:36pm
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BOJ'S NAKAMURA CLOSELY MONITORING CONSUMER EXPENDITURE.
— FinancialJuice (@financialjuice) June 6, 2024
Added at 9:37pm
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BOJ'S NAKAMURA WARNS JAPAN'S ECONOMY AT CRITICAL JUNCTURE
— FinancialJuice (@financialjuice) June 6, 2024
Added at 9:37pm
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NAKAMURA SUGGESTS MAINTAINING CURRENT POLICY FOR THE TIME BEING.
— FinancialJuice (@financialjuice) June 6, 2024
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