Speaking at the press conference following the monetary policy meeting on Friday, Bank of Japan (BoJ) Governor Kazuo Uedasaid the Bank “will continue to adjust the degree of easing if our economic and price outlook is to be realized.”
The BoJ left its benchmark interest rate at 0.15%-0.25% following its September policy meeting.
Highlighted statements
Japan’s economy is recovering moderately, although some weakness has been observed.
Uncertainties surrounding Japan’s economy mean prices remain high.
Due attention should be paid to the financial and currency markets, the impact on the Japanese economy, and prices.
The outlook for foreign economies, including the U.S. economy, markets remains unstable.
Markets remain choppy, when asked about Vice Governor Uchida’s comments.
You will monitor the economy, market trends with an extremely high sense of urgency.
It is important to check foreign economic trends, including that of the US, when making policy decisions.
The risks of excessive inflation have diminished to some extent.
developing story…
Market reaction
USD/JPY remains largely unchanged following these comments. The pair was last seen trading 0.13% lower on the day at 142.48.
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.
