Bank of Japan Governor Ueda comments crossing:
- If
underlying inflation moves as we project, we will adjust degree of
monetary support - If
our economic, price projections and assessment of risks change, that
will also be reason to change interest rate levels - Our
policy goal is price stability, so won’t guide policy to fund fiscal
spending - Our basic stance is to allow the market to set long-term interest rates
- We have maintained the current pace of Japanese Government Bond buying to avoid big discontinuity in bind buying operations
- We are ready to conduct nimble market operations if there are sharp rises in long-term rates
This article was written by Eamonn Sheridan at www.forexlive.com. Source