• BoJ’s Nakamura: Need more time to shift to monetary tightening

Market news

31 tháng 8 2023

BoJ’s Nakamura: Need more time to shift to monetary tightening

Bank of Japan (BoJ) Board member Toyoaki Nakamura said on Thursday, the central bank “needs more time to shift to monetary tightening.”

Additional comments

Must scrutinize whether small, midsize firms are making progress in earning enough profits to sustain wage rises.

Tightening monetary policy before rise in sales prices lead to wage gains would curb demand, weigh on companies' ability to earn profits.

Tweak to monetary policy needs scrutinty of economic conditions, cautious approach.

Sustainable, stable achievement of price target yet to be foreseen.

Japan's economy recovering moderately.

Japan's economy likely to recover moderately.

Sustainability of wage rises, overseas economic developments among uncertainties surrounding Japan's economic outlook.

Market reaction

Cautious comments from the BoJ policymakers fail to have any negative impact on the Yen. At the press time, USD/JPY is losing 0.27% on the day to trade at 145.78.

Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Open Demo Account & Personal Page
I understand and accept the Privacy Policy and agree to my name and contact details being used by TeleTrade to contact me about this.