Central Banks
BOJ Still Appears on Rate Hike Track Despite Recession Shock
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Governor Kazuo Ueda said the Bank of Japan will continue to carefully parse data to judge whether a gradual economic recovery will continue, in a signal that the economy’s surprise slide into recession hasn’t derailed its plans to end the negative rate policy in coming months.
“We will continue to carefully analyze economic data and information to gauge whether a gradual recovery continues in the economy and a virtuous cycle between wages and inflation will strengthen,” Ueda said Friday in response to a question by a lawmaker.