BoJ’s Ueda has been the wires, with the following headlines landing on the terminal.
JAPAN’S ECONOMY RECOVERING MODERATELY ALBEIT WITH SOME WEAK SIGNSTREND INFLATION, WHICH IS LIKELY STILL BELOW 2%, LIKELY TO GRADUALLY ACCELERATEOUTLOOK FOR OVERSEAS ECONOMIES, INCLUDING U.S. ECONOMY, REMAINS UNCERTAINUNCERTAINTY SURROUNDING JAPAN’S ECONOMY, PRICES REMAIN HIGHMUST BE VIGILANT TO IMPACT OF MARKET, FX MOVES AND THEIR EFFECT ON JAPAN’S ECONOMY, PRICESIMPACT OF FX VOLATILITY ON JAPAN’S INFLATION HAS INCREASED THAN IN THE PASTWILL GUIDE MONETARY POLICY APPROPRIATELY FROM STANDPOINT OF SUSTAINABLY, STABLY ACHIEVING 2% INFLATION TARGETMARKETS REMAIN UNSTABLEMUST SCRUTINISE IMPACT OF UNSTABLE MARKET ON JAPAN’S ECONOMIC AND PRICE OUTLOOK, OUR VIEW ON RISKS AND LIKELIHOOD OF ACHIEVING OUR FORECASTMUST SCRUTINISE MARKET MOVES WITH HIGH SENSE OF URGENCY FOR TIME BEING
This article was written by Ryan Paisey at www.forexlive.com.
