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BoJ's Tamura says he feels Japan's recent inflation is becoming sticky and reiterates will keep raising rates if outlook is met, adds we may be able to judge that BoJ's price goal has been achieved as early as this spring

Importance
Level 1

Says:

  • Even if the BoJ raises the policy rate further, monetary conditions will remain accommodative.
  • Once the BoJ's policy rate goes above 1%, the stimulative impact of monetary policy is expected to gradually diminish.
  • Wage growth is projected to reach levels that align with the 2% inflation goal this year.
  • The final factor in assessing whether the BOJ's price target is met is observing if inflation has become embedded.
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