Hawkish BOJ board member calls for focus on inflation overshoot risk
CNA
KYOTO, Japan, Feb 26 : The Bank of Japan must focus on the risk of an inflation overshoot in guiding monetary policy, hawkish board member Hajime Takata said on Thursday, calling for gradual interest rate hikes.Takata, who proposed unsuccessfully to raise interest rates in January, repeated his view that Japa
KYOTO, Japan, Feb 26 : The Bank of Japan must focus on the risk of an inflation overshoot in guiding monetary policy, hawkish board member Hajime Takata said on Thursday, calling for gradual interest rate hikes.
Takata, who proposed unsuccessfully to raise interest rates in January, repeated his view that Japan has already achieved the central bank's 2 per cent inflation target with the economy having fully emerged from prolonged stagnation.
The massive fiscal and monetary stimulus deployed across the world, coupled with the market's artificial intelligence (AI) boom, could push up global growth and add to already growing inflationary pressure in Japan, he said.
"Medium- and long-term inflation expectations are heightening, and price increases now have a greater tendency to generate second-round effects," Takata said in a speech to business leaders in Kyoto, western Japan.
TOKYO, March 23 : The Bank of Japan is laying the groundwork for tweaks to its policy language in April, keeping alive the chance of a near-term interest rate hike as the weak yen and Middle East conflict pile inflationary pressures on the economy.While the central bank kept rates steady last week, Governor K
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TOKYO, March 23 : Japan's top currency diplomat Atsushi Mimura said on Monday that the government is prepared to take all measures to tackle volatility in foreign exchange markets, cautioning that speculative trade on oil futures could be impacting currencies."There are some views that speculative activity in
TOKYO, March 23 : The dollar was poised for a rebound on Monday as retaliatory threats escalated in the Middle East crisis, damping risk sentiment and boosting demand for haven assets.The greenback on Friday closed out its first weekly decline since the start of the war in Iran, as the effect of surging oil p
Only vehicles from model year 2015 and earlier, traditional jeepneys, power plants and generators, and the marine and shipping sectors would be allowed to use Euro-II compliant petroleum products.
Only vehicles from model year 2015 and earlier, traditional jeepneys, power plants and generators, and the marine and shipping sectors would be allowed to use Euro-II compliant petroleum products.
SEOUL: South Korean economist Shin Hyun-song, best known for predicting the 2008 Global Financial Crisis, was named on Sunday (Mar 22) to head the central bank, facing inflation risk from the Iran war and uneven growth in Asia's fourth-largest economy.President Lee Jae Myung chose Shin, head of the economic d
SEOUL, March 22 : South Korean President Lee Jae Myung has named economist Shin Hyun-song to be the next central bank governor, best known for correctly predicting the 2008 Global Financial Crisis, to tackle surging debt and drive growth in Asia's fourth-largest economy.Shin, head of economic department at th
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WASHINGTON: The US Treasury on Friday (Mar 20) temporarily lifted sanctions on Iranian oil already loaded onto vessels, in Washington's latest step to stem a supply crisis over the Middle East war.The
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