BOJ Gov Ueda on what on target inflation means to him, includes wage growth above 2%

<p>Bank of Japan Governor Ueda:</p><ul><li>
Achieving 2% trend inflation can be defined as a state where economy,
void of new shocks, can see inflation sustained around 2% and wage
growth somewhat above that level</li></ul><ul><li>
Would be difficult to choose which monetary policy tools to mobilise
when exit from stimulus draws near</li></ul><p>Wage growth above the CPI would be good news for Japanese workers, it'd be real wages growing, which has been rare in Japan. </p><p>Earlier:</p><ul><li><a href="https://www.forexlive.com/centralbank/boj-gov-ueda-accommodative-financial-conditions-stimulus-is-supporting-japans-economy-20231207/" target="_self">BOJ Gov Ueda: Accommodative financial conditions, stimulus is supporting Japan's economy</a></li><li><a href="https://www.forexlive.com/centralbank/boj-gov-ueda-says-japans-situation-will-become-even-more-challenging-in-2024-20231207/" target="_self">BOJ Gov Ueda says Japan's situation will become even more challenging in 2024</a></li></ul><p>USD/JPY has dipped as low as circa 146.70 in response to Ueda speaking. </p>

This article was written by Eamonn Sheridan at www.forexlive.com.