BOJ’s Ueda: Possible to exit stimulus measures while striving to achieve 2% price target

  • Likelihood of achieving 2% inflation goal is gradually rising
  • Will consider rolling back stimulus measures once positive cycle of wages and inflation is confirmed

They’ve been doing plenty of talking and that has gotten the ball rolling already in USD/JPY this week. The question now is, will the BOJ follow through and walk the walk later this month? Ueda has had a knack for disappointing yen bulls in 2023, so there is that to consider.

This article was written by Justin Low at Source