BoJ’s Ueda: Uncertainties surrounding Japan's economy, prices remain high
Trending Articles- Gold under pressure as fears mount, $4,600 support at risk
- WTI edges higher above $110 as Trump intensifies Iran's infrastructure threats
- Trump Openly Seizes Oil, Threatening to “Control Iran Overnight.” WTI Crude Has Doubled to $115 This Year; Will Oil Prices Face More Variables?
- Gold edges lower below $4,750 amid fragile Middle East ceasefire
- WTI eases below $103.50 as US, Iran reportedly seeking 45-day ceasefire
- U.S.-Iran Ceasefire. Bitcoin Surges Past $72,000, 80,000 Within Reach?
The Bank of Japan (BoJ) Governor Kazuo Ueda said on Thursday that the central bank will keep adjusting the degree of easing if the economic and price outlook is to be realized. Ueda further stated that he will monitor financial and foreign exchange markets, and their impact on the economy and prices.
Key quotes
Japan's economy is recovering moderately, although some weak moves are seen.
Uncertainties surrounding Japan's economy, and prices remain high.
Must pay due attention to financial, FX markets, impact on japan's economy, prices.
FX impact on prices has become larger than in past, as firms are more eager to wage, price hikes.
Will keep adjusting degree of easing if our economic, price outlook is to be realized.
Need to closely watch impact of overseas economies, including u.s. economy, on japan's economic activities, prices.
To publicise findings of long-term policy review after december meeting.
Market reaction to the BoJ’s Ueda speech
At the time of writing, USD/JPY is trading 0.35% lower on the day to trade at 152.88.
Read more
* The content presented above, whether from a third party or not, is considered as general advice only. This article should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments.
