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BOJ upbeat on wages despite US tariffs, sees scope to resume rate hikes
The Bank of Japan expects wages and prices to keep rising even as the uncertainty over U.S. tariff policy weighs on the economy, its deputy governor Shinichi Uchida said on Tuesday, signalling the bank’s resolve to maintain its rate-hike stance. While U.S. tariffs are likely to hurt Japan’s economic growth, the BOJ will continue to raise interest rates if the economy and prices improve after a period of stagnation, as the board projects, Uchida told parliament. “Japan’s underlying inflation, and medium- to long-term inflation expectations, are likely to temporarily stagnate. But even during that period, wages ... (full story)
