Japan's Hayashi Expects BOJ Collaboration for Price Targets; BOJ's Ueda Cautious on 2% Inflation

Japan's Chief Cabinet Secretary Hayashi expects the Bank of Japan (BOJ) to work closely with the government to achieve sustainable price targets with wage rises. Recent statements from BOJ Governor Ueda indicate that the price target is in sight, but the achievement of a 2% inflation target is not guaranteed yet. Ueda emphasizes the importance of maintaining accommodative financial conditions and an easy environment to support the economy and prices. The BOJ is closely monitoring the economy and price outlooks to determine the appropriate rate level, with further rate hikes dependent on these factors.