
Bank of Japan monetary policy board member Nakagawa:
-
One-sided
yen falls subsided somewhat but rising import prices could affect
consumer inflation with a lag -
Prolonged
inflation overseas could put upward pressure on Japan’s import prices -
Must
be mindful of impact of overseas, domestic market moves on Japan’s
inflation -
Japan’s
exports, output likely to resume uptrend as overseas economies
sustain moderate growth -
Wage
growth likely to accelerate as a trend reflecting rising prices -
Consumption
likely to increase moderately reflecting higher wages, albeit being
affected by rising prices for time being - Expect inflation to gradually accelerate as a trend
- Achievement of wage-inflation is in sight
Yen gaining:
This article was written by Eamonn Sheridan at www.forexlive.com.