Bank of Japan Governor Ueda says Japan’s economy is recovering moderately
- capex rising moderately
- Japan’s economy is likely to keep recovering moderately
- Japans’ trend inflation likely to gradually accelerate toward 2%
through fiscal 2025 - Must carefully watch
impact of market moves, including fx, on economy, prices - Will patiently
maintain easy policy - We cannot say yet
with conviction our price target will be stably, sustainably met - Important to
scrutinise whether Japan sees positive wage-inflation cycle
-
Will take some time but inflationary pressure driven by cost-push
factors are likely to dissipate - There is still high
uncertainty on whether japan can see positive wage-inflation cycle - Govt, BOJ share view
on desirable direction on economy, inflation -
Don’t expect 10-year JGB yield to rise sharply above our 1% reference
even if yields come under upward pressure
Bolding above is mine. Same old from Ueda.
This article was written by Eamonn Sheridan at www.forexlive.com. Source