By Megumi Fujikawa NAGOYA, Japan--Bank of Japan Gov. Kazuo Ueda said Monday that Japan was unlikely to fall back to deflation even after pressure from higher...
NAGOYA, Japan--Bank of Japan Gov. Kazuo Ueda said Monday that Japan was unlikely to fall back to deflation even after pressure from higher import prices eases.
"The inflation rate will not return to the range of 0% and 1%, which was the prepandemic level," because the virtuous cycle between wages and prices is expected to strengthen, Ueda said in a speech to business leaders in the central Japan city of Nagoya, near Toyota Motor's home. In its quarterly outlook report released last week, the bank's board said it projected consumer prices excluding fresh food to rise 2.8% in the year ending March 2025 and rise 1.7% in the following year.
Ueda added, however, that it was still not clear whether smaller firms would be able to raise wages again next year because some of those companies provided raises this year despite low profitability.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Fall back: How daylight saving time can seriously affect your healthBesides scheduling stumbles and sleep habit disruptions, experts say the twice yearly daylight saving time can have more serious effects on human health.
Read more »
Clocks 'fall back' an hour to standard time SundayMost states 'fall back' this weekend with the end of daylight saving time and start of standard time.
Read more »
Fall back: How daylight saving time can seriously affect your healthBesides scheduling stumbles and sleep habit disruptions, experts say the twice-yearly ritual can have more serious effects on human health.
Read more »
Fall back: How daylight saving time can seriously affect your healthBrunch dates and flag football games might be a little easier to get to this Sunday, when phones grace early-risers with an extra hour of rest before alarm clocks go off.
Read more »
Fall back: How daylight saving time can seriously affect your healthThe New Black View
Read more »
Indiana Pacers drop second end of back to back against Charlotte HornetsThe Pacers and Hornets battled on Saturday night in Indianapolis
Read more »