BOJ Signals End to Deflation, Eyes Rate Hike by Year-End
TL;DR
Bank of Japan Deputy Governor Shinichi Uchida announced that Japan has overcome the zero lower bound and returned to a conventional monetary policy framework, aiming for a 2% inflation target. Despite structural changes in the labor market and progress in inflation expectations, Uchida remains cautious about whether Japan has fully overcome its deflationary norm.
- BOJ's Uchida says 'we have overcome the zero lower bound' ForexLive
- Ueda says Bank of Japan will proceed cautiously with inflation targeting frameworks Reuters.com
- Japan May Hike Rate to 0.5% by Year-End, Ex-BOJ's Masai Says Bloomberg
- End of Japan's Battle Against Deflation in Sight, BOJ Deputy Gov. Says The Wall Street Journal
- BoJ's Uchida: We have overcome the zero lower bound FXStreet
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