Dow Jones Newswires: BOJ board member sees sustainable 2% inflation in sight


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Bank of Japan policy board member Naoki Tamura said Wednesday that the central bank’s goal for sustainable 2% inflation appears to be finally in sight after a decade of monetary easing.

“I expect to have further clarity [on whether the bank can achieve the goal] around the January-March quarter next year based on the momentum for wage growth at that point and price data for the latter half of the year,” he said at a meeting with business leaders in Hokkaido.

In late July, the BOJ raised its cap for the yield on 10-year Japanese government bonds to 1% from 0.5%.

The 10-year yield is unlikely to hit 1% immediately, Tamura said, and promised to stop excessive moves in yields by stepping up bond purchases.

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Alexandra Williams
Alexandra Williams
Alexandra Williams is a writer and editor. Angeles. She writes about politics, art, and culture for LinkDaddy News.

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