Ueda speech: BoJ will take appropriate policy decision to stably achieve 2% inflation target
Source Fxstreet
Bank of Japan (BoJ) Governor Kazuo Ueda said on Monday that “the BoJ will take appropriate monetary policy decision to stably achieve 2% inflation target, while scrutinizing economic, price and financial developments without any preconception.”
Further comments
- Global Japanese economic uncertainty has heightened sharply due to the US tariff policy.
- US tariff policy is likely to put downward pressure on global and Japanese economies through various channels.
- US tariffs are likely to exert both upside and downside pressure on prices.
- Impact on Japan's economy will also depend largely on upcoming developments in US tariff policy.
Market reaction
USD/JPY remains heavy below 143.00 following these comments, down 0.44% on the day.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
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