Bank of Japan Governor Kazuo Ueda links spring wage negotiations to timing of stimulus program exit.
Bank of Japan Governor Kazuo Ueda highlighted the importance of spring wage negotiations in deciding when to phase out the central bank's massive stimulus program. The BOJ will adjust its policy framework, including negative interest rates and bond yield control, if a sustained 2% inflation target is achieved. The outcome of this year's wage negotiations will play a crucial role in determining the timing of the stimulus exit.
March 13, 2024
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