Bank of Japan Governor Ueda says higher trend inflation likely but it'll take time

Bank of Japan Governor Ueda

• Trend inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term is likely to heighten ahead but it will take time
• Cannot set a rigid timeframe for hitting our price target
• When uncertainty is so high, setting a timeframe for hitting the price target could have unexpected impact on markets
• The time it takes for the effect of monetary policy to appear on the economy could move a lot, though its not as long as over 10 years

• Premature tightening could hurt companies even in good health, may weaken economy's potential
• Patiently maintaining easy policy would help heighten japan's potential growth in long run