August 23, 2024 at 02:29AM
Bank of Japan Governor Ueda again from parliament:
BOJ’s policy path to neutral interest rate remains highly uncertain
Japan’s short-term
interest rate is still very low so if the economy is in good shape,
BOJ will move rates up to levels deemed neutral to economy
There is very high
uncertainty on where Japan’s policy rate might eventually rise to
We’ve had plenty from him and others today:
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
This article was written by Eamonn Sheridan at www.forexlive.com.