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- BOJ’s Nakagawa: Hit to European economy from Ukraine crisis may indirectly weigh on Japan’s economy
BOJ’s Nakagawa: Hit to European economy from Ukraine crisis may indirectly weigh on Japan’s economy
Bank of Japan (BOJ) monetary policy board member Junko Nakagawa is back on the wires, via Reuters, now speaking on the likely impact of the Ukraine crisis on the Japanese economy.
Key quotes
Direct impact on Japan’s economy from trade with Russia, Ukraine appears to be limited for now.
Hit to European economy from Ukraine crisis may indirectly weigh on Japan’s economy.
Will likely take some time to gauge broader impact of Ukraine crisis on Japan’s economy via various channels.
Rising gas, grain costs will prop up Japan’s inflation, but may work to hurt the economy if it hurts corporate profits, household income.
Japan's economy still in midst of recovery from pandemic's hit.
Market reaction
USD/JPY is trading listlessly so far this Thursday, locked in a tight range amid a mixed market mood.
The spot is adding 0.12% on the day, currently trading at 115.64.
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