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Uchinda: Price Dynamics in Japan over the Past 25 Years
It is my great pleasure to welcome all of you to this conference. As Governor Ueda mentioned in his opening remarks, the Bank of Japan is conducting the “Broad Perspective Review” of our monetary policy over the past 25 years. In short, it has been a battle against persistent deflation and a battle with the zero lower bound. Let me start by giving an overview of the inflation picture during this period. Please look at Chart 1. Japan’s deflation started in the late 1990s and continued for 15 years. The average inflation rate was just minus 0.3%. It was a mild but persistent deflation. To tackle this situation, ... (full story)
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BOJ DEPUTY GOVERNOR UCHIDA: DEFLATIONARY BATTLE NEAR CONCLUSION
— FinancialJuice (@financialjuice) May 27, 2024
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BOJ DEPUTY GOVERNOR UCHIDA: BANK OF JAPAN OVERCOMES ZERO LOWER BOUND
— FinancialJuice (@financialjuice) May 27, 2024
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BOJ'S UCHIDA: HIGHER MENU COSTS, TOGETHER WITH MILD INFLATION, HAVE SLOWED THE PACE OF PRICE ADJUSTMENT
— Capital Hungry (@Capital_Hungry) May 27, 2024