Higher wage-driven inflation seen in Japan

By Reuters

Nov 19, 2024 12:15 am

NAGOYA — Bank of Japan (BOJ) Governor Kazuo Ueda said the Japanese economy was making progress in achieving sustained wages-driven inflation but gave few clues on whether the central bank could raise interest rates again next month.

Ueda repeated the BOJ's readiness to keep increasing borrowing costs if the economy behaves in line with its forecast and signaled that domestic conditions for another rate hike were falling into place.

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