BoJ expresses concern over weak yen on inflation, wages - Breaking The News

BoJ expresses concern over weak yen on inflation, wages

19 June

1 min read

EPA-EFE/FRANCK ROBICHON

The Bank of Japan (BoJ) expressed its concern over the impact a weak yen could have on inflation and wages, with one member stating that the impact might "not prove temporary," the BoJ's Minutes of its April meeting revealed.

A different member noted that the depreciation of the yen, along with the rise in crude oil prices, had started to affect producer prices via an increase in import prices. Members agreed that "high uncertainties" remain regarding Japan's economic activity and prices, including developments in overseas economic activity and prices and wage-setting behavior of domestic companies.

Private consumption was also discussed, with members concurring that it would rise "moderately," reflecting the rise in wage growth.

Minutes boj

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