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BOJ Dep Gov Uchida says need to closely watch FX markets

Bank of Japan Deputy Governor Uchida repeating the comment from his boss, Governor Ueda earlier:the Bank needs to patiently continue monetary easingUncertainty high re Japan's economythe Bank's decision in July to make the JGB 10 year yield target flexible is aimed at flexibility in responding to upside and downside riskswe are not in a situation where achievement of the BOJ's 2% inflation target is in sightAnd adds in an implied intervention threat on the yen:: need to closely watch FX marketsU... Read More

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Posted: Sep 25 2023, 06:41

Author Name: forexlive

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