On the data necessary for the next rate hike, Ueda told a post-meeting news conference, “It is difficult to specify exactly which data we are referring to, but the overall trajectory has remained on track over the past few months. Based on this, the likelihood of our projections being realized has increased to some extent."
"However, before making a decision on the next rate hike, we would like to see one more step forward. This includes sustained wage growth, and specifically, we want to observe the momentum of next year's spring labor negotiations."
The governor said the bank’s policy board needs "a little more information" on the momentum in annual wage talks between unions and management at large firms in the early parts of 2025 that will set the tone for overa
"However, before making a decision on the next rate hike, we would like to see one more step forward. This includes sustained wage growth, and specifically, we want to observe the momentum of next year's spring labor negotiations."
The governor said the bank’s policy board needs "a little more information" on the momentum in annual wage talks between unions and management at large firms in the early parts of 2025 that will set the tone for overa
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