{"id":205620,"date":"2023-12-04T05:59:44","date_gmt":"2023-12-04T00:29:44","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=205620"},"modified":"2023-12-04T05:59:44","modified_gmt":"2023-12-04T00:29:44","slug":"only-a-possibility-the-2-inflation-target-is-in-sight-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/only-a-possibility-the-2-inflation-target-is-in-sight-crypto-news\/","title":{"rendered":"Only a possibility the 2% inflation target is in sight &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<p>\n                        <span class=\"fxs_socialmedia_bar_share_label\">Share:<\/span><\/p>\n<p>Bank of Japan (BoJ) policy board member Asahi Noguchi emphasized on Saturday the need for sustained wage increases in order to achieve the inflation target.\u00a0<\/p>\n<h2 class=\"fxs_headline_medium\"><strong>Key quotes<\/strong><\/h2>\n<blockquote>\n<p>&#8220;It&#8217;s true the impact of elevated global inflation is reaching Japan&#8217;s economy with consumer inflation exceeding the BOJ&#8217;s 2% target since the spring of 2022.\u201d<\/p>\n<p>\u201cBut the rise (in inflation) is mostly due to cost-push factors amid higher import prices,&#8221;<\/p>\n<p>\u201cTo achieve our 2% inflation target, we must see price rises backed by sustained wage increases.\u201d<\/p>\n<p>&#8220;While annual spring wage negotiations this year achieved wage hikes unseen in 30 years, we&#8217;ve only just reached a stage where the possibility of achieving our target has come into sight,\u201d<\/p>\n<\/blockquote>\n<h2 class=\"fxs_headline_medium\"><strong>Market reaction<\/strong><\/h2>\n<p>At the time of writing, the USD\/JPY pair is trading around 146.43, down 0.32% on the day.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Share: Bank of Japan (BoJ) policy board member Asahi Noguchi emphasized on Saturday the need for sustained wage increases in order to achieve the inflation target.\u00a0 Key quotes &#8220;It&#8217;s true the impact of elevated global inflation is reaching Japan&#8217;s economy with consumer inflation exceeding the BOJ&#8217;s 2% target since the spring of 2022.\u201d \u201cBut the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":16688,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,367,248,251,246,257,255,1062,250,333,252,247,253,249,256,254],"class_list":["post-205620","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-boj","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-japan","tag-looks-rare","tag-macroeconomics","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/205620","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=205620"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/205620\/revisions"}],"predecessor-version":[{"id":205621,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/205620\/revisions\/205621"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/16688"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=205620"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=205620"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=205620"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}