Japan economy minister says underlying inflation is approaching 2%

• Japan aims to push underlying inflation to 2% target
• At the same time, taking measures to cushion blow from rising living costs
• What households face on a daily basis is driven more by cost-push factors, such as rising import prices

The headline remark is a bit of a contrast to what Ueda said last week here. But the rest of the message is the same. I guess in Akazawa’s case, he’s just trying to make a point and sell the rate hike by the BOJ to start the year. I mean, do the general public really listen to central bank speakers anyway? 🤣

This article was written by Justin Low at www.forexlive.com.