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post: BOJ NAKAGAWA: TO ADJUST EASING LEVEL IF OUTLOOK FULFILLED post: BOJ NAKAGAWA SEES REAL RATES AT A VERY LOW LEVEL. post: NAKAGAWA SUGGESTS BOJ MAY REVIEW PLANS TO CUT JGB PURCHASES AT MEETINGSBOJ's Nakagawa speaks on one-sided yen falls Bank of Japan monetary policy board member Nakagawa: One-sided yen falls subsided somewhat but rising import prices could affect consumer inflation with a lag. • Prolonged inflation overseas could put upward pressure on Japan's import prices. • Must be mindful of impact of overseas, domestic market moves on Japan's inflation. • Japan's exports, output likely to resume uptrend as overseas economies sustain moderate growth. • Wage growth likely to accelerate as a trend reflecting rising prices. • Consumption likely to increase moderately reflecting higher wages, albeit being affected by rising prices for time being. • Expect inflation to gradually accelerate as a trend. • Achievement of wage-inflation is in sight.
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The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2 percent on a seasonally adjusted basis, the same increase as in July, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 2.5 percent before seasonal adjustment. The index for shelter rose 0.5 percent in August and was the main ...