{"id":195174,"date":"2023-11-17T06:53:55","date_gmt":"2023-11-17T01:23:55","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=195174"},"modified":"2023-11-17T06:53:55","modified_gmt":"2023-11-17T01:23:55","slug":"will-patiently-maintain-the-easy-policy-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/will-patiently-maintain-the-easy-policy-crypto-news\/","title":{"rendered":"Will patiently maintain the easy policy &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<p>\n                        <span class=\"fxs_socialmedia_bar_share_label\">Share:<\/span><\/p>\n<p>Bank of Japan (BoJ Governor Kazuo Ueda was out with some comments this Friday, saying that Japan&#8217;s economy is recovering moderately and is likely to keep recovering moderately.<\/p>\n<h2 class=\"fxs_headline_medium\">Key Quotes:<\/h2>\n<blockquote>\n<ul>\n<li>Capex rising moderately.<\/li>\n<li>Japan\u2019s&#8217; trend inflation is likely to gradually accelerate toward 2% through fiscal 2025.<\/li>\n<li>Must carefully watch the impact of market moves, including FX, on the economy, and prices.<\/li>\n<li>Will patiently maintain the easy policy.<\/li>\n<li>We cannot say yet with conviction our price target will be stably, sustainably met.<\/li>\n<li>Important to scrutinise whether Japan sees a positive wage-inflation cycle.<\/li>\n<li>Will take some time but inflationary pressure driven by cost-push factors is likely to dissipate.<\/li>\n<li>There is still high uncertainty on whether Japan can see a positive wage-inflation cycle.<\/li>\n<li>The government and BoJ share a view on the desirable direction of the economy, inflation.<\/li>\n<li>Don&#8217;t expect the 10-year JGB yield to rise sharply above our 1% reference even if yields come under upward pressure.<\/li>\n<li>We will consider ending YCC, negative rate if we can expect inflation to stably, and sustainably hit the price target.<\/li>\n<li>In what order, what part we will change policy will depend on economic, price, and market developments at the time.<\/li>\n<\/ul>\n<\/blockquote>\n<h3 class=\"fxs_headline_medium\">Market Reaction:<\/h3>\n<p>The Japanese Yen (JPY) reacts little to the dovish remarks, though the prevalent US Dollar (USD) selling bias keeps the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/currencies\/usdjpy\">USD\/JPY pair<\/a> on the defensive near mid-150.00s through the Asian session on Friday.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Share: Bank of Japan (BoJ Governor Kazuo Ueda was out with some comments this Friday, saying that Japan&#8217;s economy is recovering moderately and is likely to keep recovering moderately. Key Quotes: Capex rising moderately. Japan\u2019s&#8217; trend inflation is likely to gradually accelerate toward 2% through fiscal 2025. Must carefully watch the impact of market moves, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":101720,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,367,248,251,246,257,276,3765,255,388,250,252,247,253,249,275,256,254],"class_list":["post-195174","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-boj","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-currencies","tag-economichealth","tag-gta","tag-inflation","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-usdjpy","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/195174","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=195174"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/195174\/revisions"}],"predecessor-version":[{"id":195175,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/195174\/revisions\/195175"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/101720"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=195174"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=195174"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=195174"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}