financetom
Economy
financetom
/
Economy
/
BOJ chief says it is 'still taking time' to sustainably hit inflation goal
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
BOJ chief says it is 'still taking time' to sustainably hit inflation goal
Oct 28, 2024 12:34 AM

WASHINGTON (Reuters) - Bank of Japan Governor Kazuo Ueda said on Wednesday that underlying inflation has been rising slowly, but it was "still taking time" for the country to achieve 2% inflation in a sustainable manner.

Ueda also told a panel at the International Monetary Fund that it was "very hard" to pin down the appropriate size of interest rate hikes from here on.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
US weekly jobless claims rise marginally
US weekly jobless claims rise marginally
Apr 10, 2025
WASHINGTON (Reuters) - The number of Americans filing new applications for unemployment benefits rose slightly last week and could trend higher as companies navigate President Donald Trump's tariffs on imports. Initial claims for state unemployment benefits increased 4,000 to a seasonally adjusted 223,000 for the week ended April 5, the Labor Department said on Thursday. Economists polled by Reuters had...
US close to trade deals with trading partners, White House's Hassett says
US close to trade deals with trading partners, White House's Hassett says
Apr 10, 2025
WASHINGTON (Reuters) - The United States is considering offers from 15 countries on tariff agreements and is close to deals with some of them, White House economic adviser Kevin Hassett said on Thursday after President Donald Trump lowered some of the duties in a stunning reversal. USTR has informed us that there are maybe 15 countries now that have made...
Traders add to bets on Fed rate cuts after soft inflation data
Traders add to bets on Fed rate cuts after soft inflation data
Apr 10, 2025
(Reuters) -Traders on Thursday bet the U.S. Federal Reserve will resume cutting interest rates in June and probably deliver a full percentage point of reductions to its policy rate by the end of the year. after data showed inflation last month was softer than economists had expected.  Before the data, which showed consumer prices rose 2.4% in March, down from...
Instant View: Cool March CPI may be short-lived distraction from tariff-led inflation
Instant View: Cool March CPI may be short-lived distraction from tariff-led inflation
Apr 10, 2025
(Reuters) - U.S. consumer prices unexpectedly fell in March, but inflation risks are tilted to the upside after President Donald Trump doubled down on tariffs on imported Chinese goods even as he lowered duties on other nations. The consumer price index dipped 0.1% last month after gaining 0.2% in February, the Labor Department said on Thursday. Year over year, the...
Copyright 2023-2025 - www.financetom.com All Rights Reserved