- BoJ’s Ueda: Will patiently maintain easy monetary policy to stably, sustainably achieve 2% price target
Market news
21 June 2023
BoJ’s Ueda: Will patiently maintain easy monetary policy to stably, sustainably achieve 2% price target
“The Bank of Japan (BoJ) will patiently maintain an easy monetary policy to stably and sustainably achieve the 2% price target accompanied by wage growth,” the central bank Governor Kazuo Ueda said on Wednesday.
Additional quotes
Japan's economy picking up.
Japan's economy likely to recover moderately.
Japan's financial system stable as a whole.
Impact of US bank failures on japan's financial system was limited.
Japan's consumer inflation likely to slow toward the middle of current fiscal year.
Market reaction
USD/JPY is testing 142.00, catching fresh bids on the dovish comment from the BoJ Governor. The pair is up 0.40% on the day.
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