- Analytics
- News and Tools
- Market News
- BoJ’s Ueda: Will scrutinize effect of govt's policy on inflation outlook once it is announced
BoJ’s Ueda: Will scrutinize effect of govt's policy on inflation outlook once it is announced
Bank of Japan (BOJ) Governor Kazuo Ueda is speaking at the press conference, held after its October policy meeting on Tuesday.
Additional quotes
Will scrutinize effect of govt's policy on inflation outlook once it is announced.
We haven't had large upgrade to inflation outlook based on what we call '2nd force', or demand-driven factors.
Important for currencies to move stably reflecting fundamentals.
Possibility remains low for monetary policy to fall behind the curve.
Much of the cpi forecast revision is due to longer-than-expected rise in commodity prices.
Big volality in forex could have negative impact on economy.
Closely working with government, monitoring situation on forex.
We can contain speculative moves in market with flexible market operations.
We will allow more flexibility when it comes to non-speculative market moves based on fundamentals.
As in July, today's decision to make YCC flexible was partly aimed at preventing financial market volatility, including FX volatility.
Practically speaking, it would be difficult for boj staff to ascertain whether day-to-day rise in long-term yield is speculative.
developing story, please refresh for updates
USD/JPY reaction to Ueda's comments
USD/JPY is off the intraday high of 150.31, currently trading at 150.20, still up 0.74% 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
