<\/p>\n
Bank of Japan (BoJ) Governor Kazuo\u00a0Ueda\u00a0spoke in the Japanese parliament on Tuesday. Ueda warned of the potential need for policy response due to foreign exchange impacts\u00a0and\u00a0he will closely monitor recent currency fluctuations.\u00a0\u00a0<\/p>\n
\n\u201cMonetary policy is aimed at impacting inflation, not the yen rate.\u201d<\/p>\n
\u201cWill examine the impact of the\u00a0movement of the yen\u00a0on the economy.\u201d<\/p>\n
\u201cFX moves could have a big impact on the economy and prices, and so the impact of FX volatility could be bigger than in the past.\u201d<\/p>\n
\u201cBoJ does not seek\u00a0to directly control FX rates with monetary policy.\u201d<\/p>\n
\u201cFX moves are among various factors that affect the economy and prices.\u201d<\/p>\n
\u201cWeak yen pushes up import costs, has an impact on the economy in other ways, such as via demand.\u201d<\/p>\n
\u201cTo adjust easing as per rising price trend.\u201d<\/p>\n
The Bank of Japan may need to respond via monetary policy if such impact for yen moves affects trend inflation.\u201d<\/p>\n
\u201cWe expect trend inflation\u00a0to gradually head towards 2%.\u201d<\/p>\n
\u201cWe will adjust monetary policy as appropriate if trend inflation heads toward 2% as we\u00a0project,\u00a0or if we see the risk of inflation overshooting our forecast.\u201d<\/p>\n<\/blockquote>\n
Market reaction\u00a0<\/strong><\/h2>\n
At the time of\u00a0writing,\u00a0USD\/JPY\u00a0is trading 0.05% higher on the day to trade at 154.77.\u00a0<\/p>\n
\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
Bank of Japan (BoJ) Governor Kazuo\u00a0Ueda\u00a0spoke in the Japanese parliament on Tuesday. Ueda warned of the potential need for policy response due to foreign exchange impacts\u00a0and\u00a0he will closely monitor recent currency fluctuations.\u00a0\u00a0 Key quotes \u201cMonetary policy is aimed at impacting inflation, not the yen rate.\u201d \u201cWill examine the impact of the\u00a0movement of the yen\u00a0on the […]<\/p>\n","protected":false},"author":2,"featured_media":47562,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,367,248,386,251,246,257,7428,255,1062,250,333,252,247,253,249,256,254],"class_list":["post-297669","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-boj","tag-bsc","tag-centralbanks","tag-chainlink","tag-coin","tag-cryptocurrency","tag-exchanges","tag-gta","tag-japan","tag-looks-rare","tag-macroeconomics","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/297669","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=297669"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/297669\/revisions"}],"predecessor-version":[{"id":297670,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/297669\/revisions\/297670"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/47562"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=297669"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=297669"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=297669"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}