$FF Key Takeaways – Ueda Speech (Dec 25, 2025)

Inflation & Wages: Underlying inflation rising toward 2%, supported by a tight labor market.

Labor Pressure: Shrinking workforce driving steady wage growth.

Price Dynamics: Companies passing higher costs to consumers beyond food.

Monetary Policy: Rates may rise, but moves are data-driven, not automatic.

Vision: Aim for moderate wage & price growth, anchoring inflation sustainably.

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