Bank of Japan Governor Ueda (bolding is mine):
- Japan’s economy to continue recovering moderately, supported mainly by
accommodative financial conditions and effects of economic stimulus
measures - Uncertainty over
japan’s economy extremely high - Closely watching the impact of financial, forex markets on the Japanese economy, prices
- Will patiently continue monetary easing under YCC to support economic
activity, cycle of wage growth
-
We have not yet reached a situation in which we can achieve price
target sustainably and stably and with sufficient certainty
more to come
“Sustainable” & “stable” in regards to hitting the inflation target we’ve heard over and over again from Bank of Japan officials. Ueda adding in “certainty” to the list of what needs to be seen.
This article was written by Eamonn Sheridan at www.forexlive.com. Source