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cost-push
[ kawst-poosh, kost- ]
noun
Word History and Origins
Origin of cost-push1
Example Sentences
BOJ Governor Kazuo Ueda has said inflation has been driven mostly by cost-push factors and must shift to a more demand-driven rise in prices backed by higher wages for the bank to consider normalising its ultra-loose monetary policy.
However, the BOJ has brushed aside such speculation, saying that the current global cost-push inflation is not sustainable.
"It's true the recent cost-push inflation is lowering real income, hurting households and adding burdens to some smaller firms," Ueda said.
The BOJ has said such cost-push inflation will dissipate, and must be replaced by price rises driven more by robust domestic demand in order for it to consider ending ultra-low interest rates.
But the BOJ has said the recent cost-push inflation must be replaced by price rises driven more by robust domestic demand, and accompanied by wage growth, in order for it to consider ending ultra-low interest rates.
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