- Incoming BoJ Depty. Gov Uchida: Widening yield target band itself would weaken effects of easing
Market news
28 February 2023
Incoming BoJ Depty. Gov Uchida: Widening yield target band itself would weaken effects of easing
Incoming Bank of Japan (BoJ) Deputy Governor Shinichi Uchida is testifying before the Japanese parliament’s Upper House on Tuesday.
Key quotes
Reviewing current easy policy just to address side-effects will reduce stimulus effect on economy.
Widening yield target band itself would weaken effects of easing.
It is too early to discuss an exit.
The specifics of the exit will be determined by the economic situation.
Market reaction
USD/JPY fails to react to the dovish comments from Uchida. The pair is currently trading at 136.20, almost unchanged on the day.
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