Bank of Japan Governor Ueda testimony in parliament continues:
Can’t say now when BOJ will change ultra-easy policy
If interest rates
rise sharply as a result of monetary normalisation, that would weigh
on wages via decline in jobs
Earlier, read from the bottom up for the chronology:
- BOJ’s Ueda says the weak yen has positives and negatives
- More from BOJ’s Ueda: BOJ does not have specific plan yet on how it will sell ETFs
- More from BOJ’s Ueda on conditions for ending YCC and negative rates
- Japan’s Deputy Finance Minister Akazawa promises JPY intervention if excess volatility
- Bank of Japan Governor Ueda says Japan’s economy is recovering moderately
This article was written by Eamonn Sheridan at www.forexlive.com. Source