Bank of Japan (BOJ) Governor Kazuo Ueda stated that achieving 2% inflation is getting closer, although real inflation remains low. Ueda emphasized that the BOJ will continue to raise interest rates if the economic and inflation outlook supports such a move, leaving open the possibility of further policy changes.

With CPI inflation continuing to rise moderately, Japan has the potential to experience sustained wage and price increases. Ueda also mentioned the decreasing likelihood of the Japanese economy returning to a "zero norm" condition, where wages and prices are stagnant. This could signal better economic conditions ahead. (az)

Source: Newsmaker.id