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Global Market: BOJ’s Ueda warns oil shocks can trigger lasting inflation if wages and expectations rise
Central banks must consider broader economic factors beyond isolated oil price movements, as temporary energy shocks can fuel persistent inflation if they influence wages and pricing behavior. Governor Ueda highlighted that the impact of oil price surges depends on prevailing inflation expectations and wage growth trends, with lessons drawn from Japan's past oil shocks.
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channelnewsasia.com
BOJ's Ueda warns of potential for temporary energy shock to become persistent
TOKYO, May 27 : Bank of Japan Governor Kazuo Ueda said on Wednesday central banks should not look at oil prices in isolation because a temporary energy shock can become persistent…
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BOJ's Ueda warns temporary energy shock could become persistent
TOKYO, May 27 : Bank of Japan Governor Kazuo Ueda said on Wednesday central banks should not look at oil prices in isolation because a temporary energy shock can become persistent…
