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BOJ's Kuroda: The BOJ will continue easing to hit price stability target
BOJ'S GOVERNOR KURODA: THE BOJ WILL CONTINUE EASING TO HIT PRICE STABILITY TARGET.
— Breaking Market News (@financialjuice) October 12, 2022
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BoJ’s Gov Kuroda:
— *seven (@sevenloI) October 12, 2022
- Japan Economy Still Recovering From Pandemic
- BoJ Has to Support Economic Recovery
- BoJ Will Continue Easing to Hit Price Stability Target
- Big Difference in Monetary Policy With US, Europe
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BoJ’s Gov Kuroda:
— *seven (@sevenloI) October 12, 2022
- Once the Impact of Energy, Fuel Price Rises Start Waning, Japan’s Inflation Rate Will Slow Down to Less Than 2% in Next Fiscal Year
- We Will Continue Our Monetary Easing to Achieve 2% Inflation Target in Stable and Sustainable Manner
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BOJ'S GOVERNOR KURODA: YEN DEPRECIATION COULD HAVE GOOD IMPACT ON MACRO-ECONOMY AS A WHOLE, BUT THERE ARE SOME SECTORS WHICH ARE SUFFERING FROM WEAK YEN.
— Breaking Market News (@financialjuice) October 12, 2022
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BOJ's Kuroda: If FX movement is so fast and unidirectional, it's probably speculation
The MOF handles intervention but clues often come from the Bank of Japan and Kuroda is out with a warning: • If currency moves are so fast and unidirectional, they're probably cuased by speculation and that would be bad for the economy • Yen deprecation may have good impact on macreconomy as a whole, but there are some sectors which are suffering from a weak yen • We have to be carefully watching and analyzing the impact of currency movements on the economy It looks like we're going to have a game of chicken in USD/JPY until closer to 150.00. Last up 95 pips to 146.82 and accelerating after PPI and Kuroda.