BOJ’s Amamiya: Fed's policy moves could have various impact on Japan's economy, prices short-term
|“Fed's policy decision could affect forex, asset market moves so watching developments carefully,” said Bank of Japan (BOJ) Deputy Governor Masayoshi Amamiya on Thursday.
Also read: BOJ’s Amamiya: Central bank must support economy with monetary easing as recovery not solid
Additional comments
Hope Fed curbs inflation while achieving stable US growth.
That is important not just for US but for global economy.
Fed policy decision won't directly affect BOJ policy moves.
But could have impact on Japan's economy, prices in the short-term.
Recent yen declines may see more Japanese firms shift production back home.
USD/JPY retreats
Following the announcements, USD/JPY fades the corrective pullback from a three-week low marked earlier in the day. That said, the yen pair was last seen retreating to 135.30.
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