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BOJ Governor Kuroda says the 2% inflation target assists in long-run currency stability

Bank of Japan's Governor Kuroda is seeking to create conditions in which inflation accelerates in line with rises in corporate profits, wages – RTRS

  • Inflation likely to hover around 1% because wages aren't rising enough.
  • 2% inflation target assists in long-run currency stability.
  • Inflation likely to hover around 1% because wages are not rising fast enough.

AUD/JPY: Cold response to Australian consumer confidence data as risk aversion rules trade sentiment

AUD/JPY trades little changed near 79.20 during early Wednesday as markets give little importance to the recently published Aussie consumer confidence.
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Japanese Finance Minister Aso: It won't do much good if inflation alone rises, Capex and wages must also increase – RTRS

Japanese Finance Minister Aso has said that it won't do much good if inflation alone rises, Capex and wages must also increase - Reuters reported.
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