Japan not fully out of inflation yet - BoJ Dep Gov Nominnee Wakatabe
|Bank of Japan (BOJ) deputy governor nominee Masazumi Wakatabe is speaking in the Japanese parliament today, addressing Japan's economic outlook.
Key highlights:
- BOJ's 2% inflation target is meaningful, effective.
- Inflation still remains a long distance from the target.
- Expecting ongoing easy monetary policy to drive wage growth.
- A premature exit from easy policy could force Japan back into deflation.
- The Japanese economy is at a critical balancing point.
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