BoJ’s Ueda: Uncertainties surrounding Japan's economy, prices remain high
Trending Articles- Gold Price Forecast: US Non-Farm Payrolls Miss Expectations, Gold Surges Over $100, Can the Bull Run Continue?
- Iran insists on control of Hormuz amid reports of US talks
- Gold gains momentum above $4,100 after weak US NFP data
- June Non-Farm Payrolls Preview: Did White House Economic Advisor Give an Early Hint? How Will US Stocks, Dollar and Gold React?
- WTI slips below $68.00 as supply concerns ease
- Bitcoin Price Trend Forecast: Continued ETF Outflows Limit Bitcoin Price Rebound Space, $58,000 Becomes Key Level for Bulls and Bears
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.
