BoJ official: Central bank sees underlying inflation gradually heading toward 2%
Source Fxstreet
An official at the Bank of Japan (BoJ) said on Wednesday that the “BoJ sees underlying inflation gradually heading toward 2%.”
Additional comments
Price rises post-pandemic have been driven mostly by cost-push factors, such as rising import costs from weak Yen.
Expect cost-push inflation pressure to gradually dissipate ahead.
Services prices rising moderately.
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