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- BoJ's Ueda: Still some distance to sustainably achieve 2% inflation target
BoJ's Ueda: Still some distance to sustainably achieve 2% inflation target
While speaking at a news conference after the G20 meeting in India on Tuesday, Bank of Japan (BOJ) Governor Kazuo Ueda noted that there was still some distance to sustainably achieve the 2% inflation target, per Reuters.
Key takeaways
"The BoJ has been patiently maintaining easy policy."
"Unless our assumption on need to sustainably achieve 2% target changes, our narrative on monetary policy won't change."
Market reaction
USD/JPY gained traction in the early American session on Tuesday and was last seen trading modestly higher on the day at 138.85.
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