Read more about Bank of Japan Governor Ueda:
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Annual salary negotiations have been and always will be one of the important economic variables we consider in policymaking.
- We decide our policy taking into account not only salary negotiations, but also various other economic variables.
- We decided to change policy in March because the strong results from the wage talks came on top of some pretty strong numbers in other sectors of the economy.
- Whether we define policy with the same emphasis on the outcome of wage negotiations will depend on current conditions.
- It is difficult to say in advance how long the BoJ will have to wait to gather enough data and change its policy.
- We would like to leave some room for adjustment by not committing too far in advance to a certain policy.
- Our fundamental position is that we will look at developments in trend inflation to achieve our price target and take a data-driven approach to setting our policy.
Seems like I’m procrastinating a bit.
Earlier from Ueda:
- Bank of Japan Governor Ueda explains what inflation needs to do for a BoJ rate hike
USD/JPY is down a few pips on the session:
This article was written by Eamonn Sheridan at www.forexlive.com.
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