Bank of Japan Governor Kazuo Ueda said the country’s corporate price-setting behavior was showing changes that could work to push up inflation more than expected. | Reuters
Inflation-adjusted real wages fell 3 percent in April to mark the 13th straight month of declines in a sign the rising cost of living was squeezing households’ purchasing power.
“But there is various uncertainty surrounding the inflation outlook. What’s important is corporate price-setting behavior, which is somewhat overshooting expectations,” he said.
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