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

AKIO FUJII, Nikkei chair of editorial board

September 5, 2022 15:14 JST

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.