BoJ’s Uchida: Japan's economy recovering moderately albeit with some weak signs
Source Fxstreet
Bank of Japan (BoJ) Deputy Governor Shinichi Uchida said on Friday that “Japan's economy recovering moderately albeit with some weak signs.”
Additional quotes
Underlying inflation likely to gradually accelerate.
Uncertainty surrounding Japan's economic, price outlook remains high.
Must be vigilant to financial, FX market developments and their impact on Japan’s economy, prices.
BoJ will decide specifics on bond tapering plan, size of reducting in bond buying will likely be significant.
Japan's financial system remains stable as a whole.
Market reaction
At the time of writing, USD/JPY is adding 0.04% on the day to trade near 159.00.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
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The USD/JPY pair trades in positive territory near 158.10 during the early Asian session on Tuesday. The Japanese Yen (JPY) softens against the US Dollar (USD) amid political concerns in Japan.
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