Momentum towards inflation target is strengthening, says BoJ board member
Rising household income and productivity are positive signs, Takako Masai says
Momentum towards the 2% inflation target is strengthening, with household income and productivity on the rise, according to a member of the Bank of Japan’s (BoJ) policy board.
Speaking in Japan on August 31, Takako Masai admitted there is still “a long way to go” to achieve the 2% inflation target. “Nevertheless, my view is that the momentum toward achieving the target has started to steadily increase,” she said.
As core inflation remains in the range of 0 to 0.5%, the BoJ was forced to extend
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