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 beingExpect inflation to gradually accelerate as a trendAchievement of wage-inflation is in sight
Yen gaining:
This article was written by Eamonn Sheridan at www.forexlive.com.
