- Analytics
- News and Tools
- Market News
- Ex-BOJ’s Hayakawa: Central bank seen adjusting policy as soon as July
Ex-BOJ’s Hayakawa: Central bank seen adjusting policy as soon as July
Hideo Hayakawa, a former director at the Bank of Japan (BOJ), said in an interview on Friday, the Japanese central bank is poised to adjust its monetary policy settings as early as in July amid the weakening of the yen.
Key quotes
A big factor that will spur the BOJ to change policy is the weakening of the yen.”
“While the BOJ has repeatedly said the yen is positive for the economy overall, the impact is close to 50/50 and households’ discomfort is set to grow further as inflation picks up in Japan, too.”
“It’s too naive for the BOJ to say a weak yen is good when the government is taking measures to address price gains and capping gasoline prices.”
“An overwhelming majority of Japanese aren’t welcoming the weak yen.”
Market reaction
USD/JPY keeping its recovery mode intact just below 124.00 on the above comments, currently trading at 123.94, almost unchanged on the day.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
