BOJ'S UEDA: STILL SOME DISTANCE TO SUSTAINABLY ACHIEVE 2% INFLATION TARGET

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While speaking at a news conference after the G20 meeting in India on Tuesday, Bank of Japan (BOJ) Governor Kazuo Ueda noted that there was still some distance to sustainably achieve the 2% inflation target, per Reuters.


Key takeaways

"The BoJ has been patiently maintaining easy policy."


"Unless our assumption on need to sustainably achieve 2% target changes, our narrative on monetary policy won't change."

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