More from BOJ’s Ueda – wanted to move before trend inflation hit 2%

Bank of Japan Governor Ueda:

  • Trend inflation yet to reach 2%, so need to support economy’s
    momentum toward hitting 2% by maintaining accommodative monetary
  • Want to scrutinise
    whether trend inflation will indeed head toward 2% in judging
    appropriate degree of monetary support
  • Waiting to exit
    until trend inflation hits 2% would have heightened risk of inflation
    overshoot, force us to hike rates aggressively


USD/JPY has lost a few points since that linked post, above.

This article was written by Eamonn Sheridan at Source