BoJ’s Uchida: We will like to maintain stable, accmmodative monetary environment
|Bank of Japan (BOJ) Deputy Governor Shinichi Uchida said on Thursday, “we will like to maintain a stable, accommodative monetary environment.”
Additional quotes
What is more important is the future short-term rate path, which will be set at appropriate level so consumer inflation moves around BoJ's 2% target
YCC and BoJ's bond buying management are intertwined
When we end or tweak YCC, we will think about how we would communicate our bond buying operation
Tweak to YCC would mean allowing yields to move more freely but we will ensure this does not lead to big change in our bond buying amount, sharp rise in yields
It would be natural to end ETF, j-reit buying if achievement of 2% inflation can be foreseen
Even if we were to end ETF, j-reit buying, impact on markets won't be big
What to do with our very huge ETF, J-Reit holding is a different problem, this is something we need to consider taking time
We expect service prices to rise accompanied by wage increases.
Related reads
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.