According to MetaEra, on December 25 (UTC+8), Japan's Bank of Japan (BOJ) Governor Haruhiko Kuroda stated that the central bank is gradually approaching its 2% inflation target and reaffirmed its stance to pursue further interest rate hikes. In a speech, Kuroda noted that wage and pricing behaviors have significantly changed amid a tightening labor market, and the 2% price stability goal is steadily coming into reach. He expressed confidence in Japan's wage-price dynamics, stating that the likelihood of the economy returning to a so-called zero-normal state (where wages and prices remain almost unchanged) has significantly decreased. Kuroda added that if economic and price forecasts align with expectations, the BOJ will further adjust monetary policy. He emphasized that appropriately paced monetary adjustments would help the central bank smoothly achieve the inflation target while promoting long-term growth and building business confidence for operations.
Japan's BOJ Governor Kuroda: Inflation Target Nears, Further Rate Hikes Expected
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Summary
Japan's BOJ Governor Kuroda said the 2% inflation target is near, with further rate hikes expected. He noted stronger wage and pricing trends in a tighter labor market. Kuroda stressed that the risk of a zero-normal state has dropped, and if forecasts hold, policy adjustments will follow. With BTC as hedge against inflation gaining traction, central banks globally are also considering digital assets for Countering the Financing of Terrorism. The BOJ aims to balance growth and price stability through measured steps.
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