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Ueda's response to argument that actual prices are what is important

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Ueda's response to argument that actual prices are what is important

Key points
  • Summary of Opinions for July MPM, released on August 8, contained several interesting points

  • Several opinions noted possibility of continued rise in food prices, with focus on increasingly sticky inflation

  • One Board member argued that focus of BoJ communications should shift from "underlying inflation" to actual price developments and the outlook for the same

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