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BoJ's Uchida: Japan is seeing signs of change in corporate wage, price-setting behaviour - Nikkei
BOJ'S UCHIDA: JAPAN IS SEEING SIGNS OF CHANGE IN CORPORATE WAGE, PRICE-SETTING BEHAVIOUR - NIKKEI
— First Squawk (@FirstSquawk) July 6, 2023
BOJ'S UCHIDA: RISK OF MISSING CHANCE TO HIT 2% INFLATION WITH PREMATURE POLICY SHIFT IS BIGGER THAN BEING TOO LATE IN TIGHTENING MONETARY POLICY -NIKKEI
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BOJ'S UCHIDA: THERE IS HUGE DISTANCE TO ENDING NEGATIVE RATE, A DECISION THAT WOULD BE TANTAMOUNT TO A 0.1% RATE HIKE -NIKKEI
— First Squawk (@FirstSquawk) July 6, 2023
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BOJ'S UCHIDA: RAPID, ONE-SIDED YEN DECLINES ARE UNDESIRABLE, FX MUST MOVE STABLY REFLECTING ECONOMIC FUNDAMENTALS - NIKKEI
— First Squawk (@FirstSquawk) July 6, 2023
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BOJ deputy chief urges 'balanced decision' on yield curve control
Japan should take a balanced approach on adjusting interest rates, Bank of Japan Deputy Gov. Shinichi Uchida told Nikkei in his first interview with the media since taking office in March. Under yield curve control (YCC), the BOJ aims to keep yields on 10-year Japanese government bonds within 50 basis points on either side of 0%. Uchida said he was "very aware" of yield curve control's effect on market functions. "We want to make a balanced decision" on tweaking this policy, he said, "with an eye on monetary interventions and market functions, and on how well we can maintain monetary easing." "We will ... (full story)