BoJ’s Ueda: Will check, at each policy meeting, data and factors available in deciding policy
|Bank of Japan (BoJ) Governor Kazuo Ueda is back on the wires on Monday, noting that “we will check, at each policy meeting, data and factors available at the time in deciding policy.”
Additional comments
There are numerous factors we want to check, including on the US economiy but we won't necessarily wait until there is clarity for all of them.
Won't comment on short-term FX moves.
We will scrutinize at each policy meeting how FX moves affect our economic, price forecasts and risks.
If we don't adjust degree of monetary support appropriately, we could be forced to hike rates rapidly.
We are seeing progress in sustainably achieving price target as seen in service price developments.
Weak yen pushes up costs and have big negative impact on consumption, but positive for exports, inbound tourism.
Keeping real interest rate low for too long could accelerate underlying inflation above 2%, force us to hike rates rapidly.
Don't think there is huge build-up of Yen carry positions either way, compared with situation in July.
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.