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- BoJ’s Ueda: Interest rate decision this year hinges on data
BoJ’s Ueda: Interest rate decision this year hinges on data
BoJ’s K. Ueda was on the wires, although he declined to comment on recent FX moves.
Key Quotes
“Chance of sustainably, stably achieving BoJ’s 2% inflation target is in sight, likely to keep heightening”.
“BoJ will adjust level of interest rates in accordance to distance towards sustainably, stably achieving 2% inflation.”
“Whether to raise interest rates again this year will be dependent on data”.
“If we become more convinced that trend inflation will approach 2%, that will be one reason to adjust interest rates”.
“If FX moves appear to have impact on wage-inflation cycle in a way that is hard to ignore, we could respond via monetary policy.”
“No comment on recent currency moves.”
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