- Analytics
- News and Tools
- Market News
- BoJ’s Noguchi: Weak Yen hurts households via rising prices, but benefits firms
BoJ’s Noguchi: Weak Yen hurts households via rising prices, but benefits firms
Bank of Japan (BoJ) board member Asahi Noguchi is back on the wires this Thursday, commenting on the exchange rate value and the inflation outlook.
Additional quotes
It's important for wages to rise continuously, not just once.
Desirable for wages to rise next year more than this year.
Personally think it's necessary for nominal wages to rise more than the 2% inflation the BoJ targets.
Yens' decline late last year was too rapid.
Weak Yen hurts households via rising prices, but benefits firms via increase in overseas profits, rise in inbound tourism.
Overseas growth likely to slow toward next year, so it's important for domestic demand to underpin Japan's recovery.
FX should move stably reflecting fundamentals.
Monetary policy does not directly target FX.
We are finally seeing benefits of weak yen appearing such as more firms shifting production back to Japan.
BoJ’s decision last December to widen allowance band around its yield target was not monetary tightening.
Don't see need to make operational tweaks to YCC for time being.
We should prioritize keeping yields stably low to sustainably achieve our price target at earliest date possible.
Market reaction
USD/JPY is holding higher ground near 141.80 on the above comments. The spot is 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
