BOJ Governor Ueda: Deflation Mindset Eliminated, Wage Growth More Active vs Four Years Ago

Bank of Japan Governor Ueda Haruo stated that Japan's economic environment has undergone significant changes compared to four years ago, with deflationary mindset eliminated and enterprises adopting more active wage and pricing behaviors. The central bank also noted that rising crude oil prices could accelerate and broaden price transmission across commodities faster than in the past. The BOJ will pursue appropriate monetary policy to achieve its price stability mandate.
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