BOJ Ueda says inflation is peaking

Bank of Japan Governor Nominee Ueda

Ueda testimony before the lower house of the Diet as part of his nomination and confirmation process,

So far:

BOJ Ueda: standard monetary policy to not immediately respond to supply-driven inflation

More now:

• To continue monetary easing to realise wage hikes
• Want to appropriately liaise with other central banks and communicate with markets
• Enhancing labour productivity is becoming more important given limit to labour supply
• Inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term rate is peaking out
• Price rises will continue but rate of inflation will slow substantially from next cpi data
• BOJ BOJ The Bank of Japan (BOJ) is the central bank of Japan. It was established in 1882 and is headquartered in Tokyo.The BOJ's main responsibilities include issuing and managing the country's currency, implementing monetary policy, and ensuring the stability of the financial system. It also acts as a lender of last resort to banks during times of financial crisis. The BOJ sets the interest rate of the country and sets an inflation target, aiming to achieve 2% inflation.The BoO has a long history, with The Bank of Japan (BOJ) is the central bank of Japan. It was established in 1882 and is headquartered in Tokyo.The BOJ's main responsibilities include issuing and managing the country's currency, implementing monetary policy, and ensuring the stability of the financial system. It also acts as a lender of last resort to banks during times of financial crisis. The BOJ sets the interest rate of the country and sets an inflation target, aiming to achieve 2% inflation.The BoO has a long history, with Read this Term can move toward normalizing monetary policy if there is more evidence inflation of 2% can be foreseen
• There are some positive signs in trend inflation but there is still some distance to hitting boj price goal
• There is no single data that shows trend inflation, which must be gauged by looking at various indicators
• What's important is to look at trend inflation
• The 2% inflation target is a global standard

More:

• Real wages are important but central banks have no tools to directly influence real wage growth
• if appointed as governor, I will consult with other board members and if judged needed, consider conducting comprehensive review of policy framework
• it is hard to demonstrate monetary strength if interest rates are close to zero

USD/JPY is continuing its chop: