BoJ’s Ueda: Uncertainties surrounding Japan's economy, prices remain high
Trending Articles- Breaking: Gold falls below $5,000 as oil-driven inflation fears weigh
- Goldman Sachs Raises Oil Price Forecasts and Warns Oil May Break All-Time Highs if Strait of Hormuz Disruption Persists
- WTI climbs above $95.50 as Iran says the Strait of Hormuz must remain closed
- Breaking: WTI rises above $92.50 amid supply disruption fears, geopolitical turmoil
- WTI trades below $82.00 as IEA plans record Oil reserve release
- Trump Wants TACO? The Script for an Iran War May No Longer Be His to Write
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.
