BoJ's Ueda: Japan's economy recovering moderately albeit with some weakness
Bank of Japan (BoJ) Governor Kazuo Ueda is addressing a press conference on Friday, explaining the central bank’s decision to hike the short-term interest rate from 0.5% to 0.75% following its December monetary policy review meeting.
Additional quotes
Japan's economy recovering moderately albeit with some weakness.
On Shunto, firms will continue to raise wages steadily next year.
Low risk expected regarding firm's active wage-setting behavior being interrupted.
On US economy, trade policies: uncertainties remain but have declined.
Real interest rates are expected to remain at significantly low levels.
Easy monetary conditions will support economy.
Will continue to raise policy rate if economy, prices move in line with forecast, in accordance with improvements in economy, prices.
developing story ...
Market reaction
USD/JPY trims gains following these comments. The pair was last seen trading 0.26% higher on the day near 156.00.
Japanese Yen Price Today
The table below shows the percentage change of Japanese Yen (JPY) against listed major currencies today. Japanese Yen was the weakest against the British Pound.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.02% | -0.01% | 0.16% | 0.08% | 0.03% | 0.16% | 0.09% | |
| EUR | -0.02% | -0.03% | 0.18% | 0.06% | 0.02% | 0.15% | 0.07% | |
| GBP | 0.01% | 0.03% | 0.21% | 0.12% | 0.04% | 0.17% | 0.10% | |
| JPY | -0.16% | -0.18% | -0.21% | -0.09% | -0.14% | -0.02% | -0.09% | |
| CAD | -0.08% | -0.06% | -0.12% | 0.09% | -0.05% | 0.06% | 0.00% | |
| AUD | -0.03% | -0.02% | -0.04% | 0.14% | 0.05% | 0.13% | 0.06% | |
| NZD | -0.16% | -0.15% | -0.17% | 0.02% | -0.06% | -0.13% | -0.07% | |
| CHF | -0.09% | -0.07% | -0.10% | 0.09% | -0.01% | -0.06% | 0.07% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Japanese Yen from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent JPY (base)/USD (quote).
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