Market news
13.05.2022, 03:42

BOJ's Kuroda: In times like now, central banks must conduct monetary policy without any preset idea

"In times like now when uncertainty is high, central banks must conduct monetary policy by examining various data broadly without any preset idea," said Bank of Japan (BOJ) Governor Haruhiko Kuroda during early Friday in Asia.

Also read: BOJ’s Kuroda: The central bank must continue monetary easing to achieve its price target

Additional quotes

Japan's economy continues to pick up as a trend.

BOJ must continue to support economy's recovery from pandemic with powerful monetary easing.

Expected rise in inflation is driven mostly by energy costs, lacking sustainability.

We aren't seeing signs of sharp rise in medium-, long-term inflation expectations in Japan.

We will seek to achieve 2% inflation sustainably, stably by creaing cycle in which rising wages push up households' real income.

Covid pandemic continues to exert downward pressure on economy.

Recent rise in commodity prices is hurting economy by reducing real income.

Japan's inflation situation is completely different from that of US, Europe.

Uncertainty regarding economic outlook heightening sharply.

There is risk ukraine crisis could hurt global economy further, trigger sharp volatility in commodity prices.

There is risk markets, including forex, could destabilise as advanced economies accelerate withdrawal of stimulus.

Must be mindful that sharp fx volatility would hurt economy BOJ will carefully watch impact of market volatility on economy, prices.

Short-term inflation expectations among households, firms, market participants are clearly heightening.

We are carefully watching whether such rise in short-term inflation expectations would spread to higher medium-, long-term inflation expectations and wage growth.

We must see both prices and wages rise.

Japan must see a situation where price rises are accompanied by increases in real wages, income.

USD/JPY picks up bids

Following the news, USD/JPY regains upside momentum towards the daily high, at 129.15 by the press time.

Read: USD/JPY Price Analysis: Recovery remains elusive below 129.50

© 2000-2022. All rights reserved.

This site is managed by Teletrade D.J. Limited 20599 IBC 2012 (First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

AML Website Summary

Risk Disclosure

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.

Privacy Policy

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.

Feedback
Live Chat E-mail
Up
Choose your language / location