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Easy financial conditions will be maintained for the time being – Crypto News
Speaking at the post-policy meeting press conference on Friday, Bank of Japan (BoJ) Governor Kazuo Ueda said that the Bank “will adjust the degree of monetary easing if underlying inflation rate rises,” adding that “easy financial conditions will be maintained for the time being.”
The BoJ kept the interest rate on hold at 0% following the April meeting.
Additional quotes
Japan’s economy has recovered moderately, although some weakness has been seen.
Must pay due attention to financial, FX market moves, impact on Japan’s economy, prices.
Monetary policy conduct depends on future economic, price, financial conditions.
more to come ….
Market reaction
USD/JPY rises back to test 156.00 following these comments. The pair was last seen 0.25% higher on the day at 156.03.
