August 23, 2024 at 03:03AM
Earlier from Bank of Japan Governor Ueda:
BOJ Governor Ueda says concerns over US economy slowdown behind recent market rout
BoJ Ueda will adjust monetary easing if our economy price outlook is likely to be achieved
Bank of Japan Governor Ueda says BOJ’s policy steps were appropriate
Japan fin min Suzuki says intervention action taken as excess volatility not desirable
Bank of Japan Governor Ueda says the monetary policy path remains highly uncertain
Bank of Japan Governor Ueda says FX moves could effect the Bank’s forecasts
More:
Hard to promise when and in what form we can disclose Japan’s
estimated neutral rate
if we can sufficiently narrow down
estimated neutral rate, we must disclose our findings to public,
media, markets
Will narrow down
range of expected neutral rate while monitoring how higher interest
rates affect economy
July rate hike was done under accommodative
conditions
Japan’s current
short-term rate, at 0.25%, is still below the bottom range of what is
estimated to be Japan’s neutral rate
Not planning to dispose of the BoJ’s ETF assets but when we do, we will aim to avoid causing market disruption and sell at appropriate prices
USD/JPY is near its session low around 145.47.
This article was written by Eamonn Sheridan at www.forexlive.com.