Following the Bank of Japan's decision to leave monetary policy settings and forward guidance unchanged at its January meeting, the Governor of the Bank of Japan, Kazuo UedaI declare that Japan's economy is expected to gradually rebound in the futureaccording to Reuters.
Ueda added that the probability of achieving the 2% inflation target is gradually increasingwhile stating that they must continue to closely observe the movements of the financial and currency markets and their impact on prices and the economy.
Furthermore, he reiterated that will not hesitate to take additional flexibility measures if necessary and noted that they will closely monitor the outcome of the spring salary negotiations.
Market reaction
USD/JPY has fallen following these comments to one-week lows of 147.12. Currently, the pair is trading above 147.40, losing 0.44% on the day.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
