Bank of Japan (BoJ) Governor Kazuo Ueda spoke in a press conference after attending the Group of 20 (G20) finance leaders' meeting in Washington on Thursday. Ueda said that the central bank may raise interest rates again if the Yen's declines considerably increase inflation, highlighting the impact currency moves may have on the timing of the next policy shift.
Key quotes
"There's a possibility the weak yen could push up trend inflation through rises in imported goods prices.”
"If the impact becomes too big to ignore, it might lead to a change in monetary policy.”
“The BoJ will scrutinize how the Yen's declines so far this year could affect the economy and prices, and take the findings into account in producing fresh quarterly growth and inflation forecasts due at next week's policy meeting.”
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
Hot
No comment on record. Start new comment.