Comments from Sato on macroprudential policy in London:
- This year’s wage event likely to be breakthrough
- Expects to see wage increases next year
- Wage increase will boost consumer CPI expectations
- Decline in energy prices likely to have dampening effect on inflation, expectations
- Necessity to continue QE should be judged at each meeting
The final comment is an interesting one, it evokes reports from earlier in the week that argue QE has lost some support at the BOJ and will constantly be reviewed.
