BOJ's Noguchi: If energy prices rise further it'll boost inflation but dampen economy

Bank of Japan board member says it'll take some time to stably hit Japan's 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 target

• Japan's economy likely to continue recovering as impact of pandemic, supply constraints eases
• pandemic's impact on consumption, Ukraine crisis among key risks to Japan's economic outlook
• if energy prices rise further, that will push up inflation but weigh on economy
• Japan's core consumer inflation to accelerate to around 2% from April, may speed up further depending on global commodity price moves
• Japan's worsening terms of trade driven by rising energy and raw material prices with weak yen playing very limited part
• Japan is not experiencing the kind of high inflation seen in many other countries
• trend inflation excluding energy factors remain very low in japan
• most important for BOJ to maintain patiently sustain current monetary easing
• it will take significant time for inflation to stably achieve boj's target
• energy prices will likely remain elevated for some time, which could heighten sustainability of global inflation
• global economy experiencing typical cost-push inflation, which hurts economic activity

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