- Analytics
- News and Tools
- Market News
- BoJ’s Adachi: Focus is on goods prices around summer
BoJ’s Adachi: Focus is on goods prices around summer
Bank of Japan (BoJ) board member Seji Adachi is back on the wires this Wednesday, making some comments on the Japanese inflation outlook.
Additional quotes
Impact of falling raw material prices on CPI will appear with a lag of about nine months.
Impact of falling raw material prices will likely begin to appear in CPI data for July onward.
Focus is on goods prices around summer.
If goods prices do not fall around summer, we may have to revise our baseline scenario that consumer inflation will slow back below 2% around middle of current fiscal year.
If there is a global recession, that would put big downward pressure on Japan's prices so BoJ will have to keep easy policy.
If overseas growth rebounds and pushes up domestic prices, we will of course move to a phase of gauging the timing of a policy shift.
Personally see it hard to make a strong call on inflation outlook at next policy meeting in July.
What we most fear is a premature policy shift that would put Japan back to deflation.
Market reaction
At the time of writing, USD/JPY is trading close to the intraday high of 141.86, up 0.22% 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
