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BOJ Keeping Close Tab on Yen Trends and Will Adjust Policy Appropriately
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Bank of Japan (BOJ) Governor Kazuo Ueda stated that the central bank will keep a close tab on yen trends and the impact of exchange rates on the economy and prices, foreign media reported. He hinted that the weak yen, which shored up import costs, could be a rationale for raising interest rates in the coming months. He added that the central bank will meticulously review the risks that exchange rate fluctuations may pose to achieving growth and inflation targets, and will adjust policies appropriately. He emphasized that if the BOJ raises short-term interest rates at an appropriate pace, long-term interest rates can remain stable. However, if short-term rates are not adjusted appropriately, leading to excessive inflation, it could result in exceedingly high long-term yields. AASTOCKS Financial News Website: www.aastocks.com |
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