Category: Forex News
BoJ Governor Ueda says expects to maintain accommodative monetary policy for time being
Bank of Japan Governor Ueda
- BoJ expected to maintain accommodative monetary policy for the time being.
- Accommodative monetary policy likely to underpin the economy.
- Cost-push pressure on inflation dissipating but service prices continue to rise moderately.
-
Recent wage negotiation data, hearing on companies confirmed
wage-inflation cycle strengthening - Medium, long-term
inflation expectations heading toward 2% - BOJ will support
economy, prices by maintaining accommodative monetary conditions for
time being - We could have waited
until inflation stays at 2% for long time, before exiting massive
stimulus but that could have led to sharp increase in upside risk to
price outlook
USD/JPY has dropped and is dropping a little further on Ueda:
This article was written by Eamonn Sheridan at www.forexlive.com.
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