ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Will the BOJ attain 'inflation target 3.0' anytime soon?

Wage hikes hold key to sustainable price rises

Federal Reserve Board Chair Jerome Powell in Washington on July 27. The Fed adopted its 2% inflation goal in 2012 and will adhere to that target.   © Reuters

TOKYO -- Federal Reserve Chair Jerome Powell reaffirmed the U.S. central bank's adherence to its 2% inflation goal in his speech at the economic symposium held in Jackson Hole, a resort in the state of Wyoming, on Aug. 26.

"The Federal Open Market Committee's overreaching focus right now is to bring inflation back down to our 2% goal," Powell said early in his speech, which drew more attention than in the past.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more