Explore stories from Atlantic Canada.
TOKYO - The Bank of Japan may be underestimating the risk of being too late in addressing mounting inflationary pressures from rising service prices and wages, the central bank's former top economist said.
The BOJ projected inflation would recede below 2% in 2025, when cost-push factors run their course and begin to be replaced more fully by upward pressure from higher wages. "While cost-push inflation remains the key driver of price rises now, we're also seeing service prices rise steadily. Wages are also likely to increase significantly next year," Kameda said in an interview on Wednesday, a day after the bank loosened the 1% cap on its target for long-term bond yields.
Kameda said he expects the BOJ to take further steps to phase out its bond yield control policy, before ending negative short-term rates as early as April.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Berkshire Hathaway sells $25.8 million worth of shares in China's BYDExplore stories from Atlantic Canada.
Read more »
'We're honoured to be part of our customers' traditions and memories': Chinese restaurant Dragon88 in C.B.S. celebrating 35 yearsExplore stories from Atlantic Canada.
Read more »
Alliance of 40 countries to vow not to pay ransom to cybercriminals, US saysExplore stories from Atlantic Canada.
Read more »
MEET THE MAKERS: Yarmouth County artist believes creativity is one of the most authentic forms of self-expressionExplore stories from Atlantic Canada.
Read more »
Toyota set to ride robust demand, weak yen to bumper profitExplore stories from Atlantic Canada.
Read more »
France's Bouygues beats forecasts driven by energy arm EquansExplore stories from Atlantic Canada.
Read more »