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BOJ to Keep Yield Curve Control Beyond 2022, Ex-Official Says

  • Underlying inflation remains low with limited wage hikes
  • Continuous 3% wage gains are needed for BOJ’s goal, Momma says
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WATCH: Kazuo Momma, former assitant governor of the Bank of Japan, discusses his outlook for the economy and monetary policy.Source: Bloomberg

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The Bank of Japan is likely to keep its current monetary easing program “for many quarters to come” to ensure an economic recovery and pursue a still remote target of sustainable 2% inflation, according to a former BOJ official.