Kazuo Ueda of the BoJ was present, although he declined to comment on recent movements in the currency market.
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“The possibility of sustainably and stably achieving the BoJ's 2% inflation target is within sight and is likely to continue to rise.”
“The BoJ will adjust the level of interest rates depending on the distance that separates us from achieving 2% inflation in a sustainable and stable way.”
“The decision to raise interest rates again this year will depend on the data.”
“If we are more convinced that trend inflation will approach 2%, it will be a reason to adjust interest rates.”
“If currency movements appear to have an impact on the wage-inflation cycle in a way that is difficult to ignore, we could respond through monetary policy.”
“No comment on recent currency movements.”
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.
