BOJ's Ueda: can see inflationary bias in corporate price-setting behaviour
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TOKYO : Bank of Japan Governor Kazuo Ueda said on Friday the country's corporate price-setting behaviour was showing changes that could work to push up inflation more than expected.
He also told parliament that the central bank will scrutinise various pieces of data in producing its next quarterly growth and inflation forecasts in July.
The BOJ currently expects core consumer inflation to slow below the central bank's 2 per cent target in the latter half of the current fiscal year, Ueda said.