BOJ governor Ueda: Will not hesitate to take additional easing measures if necessary

  • We are yet to foresee inflation reaching 2% in a stable manner
  • Japan economy is recovering moderately
  • Wages and price setting behaviour has been more positive recently
  • (clarifies about interview here) I said that we need to patiently continue easy policy

On that last point, it is pretty obvious that when there are high stakes on the line, he isn’t going to walk the talk. It definitely seems like the interview comment was directed to help the yen currency take a bit of a breather rather than stoke the flames of a policy pivot.

This article was written by Justin Low at Source