Bank of Japan chief stresses need to hit 2% inflation backed by wage gains
Business
TOKYO, March 17 : Bank of Japan Governor Kazuo Ueda said underlying inflation is accelerating toward the bank's 2 per cent target, stressing that price rises must be matched by solid wage gains. The remarks came ahead of the central bank's two-day policy meeting ending on Thursday, where the board is widely expected to keep interest rates steady at 0.75 per cent. Ueda told parliament that wages and prices are rising moderately in tandem as firms grow bolder in passing on higher raw material and
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