Trending Articles- Gold Price Forecast: US Non-Farm Payrolls Miss Expectations, Gold Surges Over $100, Can the Bull Run Continue?
- Gold Price Forecast: XAU/USD struggles to extend recovery above 20-day EMA
- Gold gains momentum above $4,100 after weak US NFP data
- TradingKey Daily Market Briefing: OPEC+ Continues Output Boost, Oil Prices Under Pressure, Gold Rebounds, Bitcoin Stands Above $63,000
- Japanese Yen declines towards 162.00 vs USD as carry trades counter intervention risks
- WTI slips below $68.00 as supply concerns ease
Bank of Japan (BoJ) Deputy Governor Shinichi Uchida said on Monday that “we have overcome the zero lower bound.”
Additional quotes
We still have a big challenge to anchor the inflation expectations to 2%, the end of our battle is in sight.
This time is different.
We have overcome the zero lower bound.
We returned to a conventional monetary policy framework, aiming at a 2% price stabilitytarget through adjustments of the short-term policy rate, which means we have overcome thezero lower bound.
Labor market conditions have changed structurally and irreversibly.
Not so clear if Japan has overcome deflationary norm.
The main driving force for these developments and long-waited structural changes is labor shortages.
Higher menu costs, together with mild inflation, have slowed the pace of price adjustment.
And for us, the central bank, this requires more effort to get out of this situation.
Market reaction
At the time of writing, USD/JPY is losing 0.15% on the day to trade at 156.75.
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.
