“The impact of FX volatility on Japan’s inflation has increased compared to the past“said Wednesday the Governor of the Bank of Japan (BoJ), Kazuo Ueda.
Featured Statements
Japan’s economy is recovering moderately, although with some signs of weakness.
Trend inflation, which is likely still below 2%, will likely accelerate gradually.
The outlook for foreign economies, including the US economy, remains uncertain.
Uncertainty around Japan’s economy and prices remains high.
We must be vigilant to the impact of market and FX movements and their effect on Japan’s economy and prices.
We will guide monetary policy appropriately from the point of view of achieving the 2% inflation target in a sustainable and stable manner.
The markets remain unstable.
We must scrutinize the impact of the unstable market on Japan’s economic and price outlook, our view on the risks and the likelihood of achieving our forecast.
We must scrutinize market movements with a high sense of urgency for the moment.
Market reaction
At the time of writing, USD/JPY is adding 0.25% on the day to trade at 143.90.
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.
