BoJ’s Amamiya: Japan’s inflation 'very high' now but likely to slow back below 2% next year
|Masayoshi Amamiya, Deputy Governor at the Bank of Japan (BoJ), said on Friday, “Japan’s inflation is 'very high' now but is likely to slow back below 2% next year.”
Additional comments
Even if BoJ incurs short-term loss on its asset holdings, that won't affect its ability to guide monetary policy appropriately.
If yields rise by 1% for Japan's entire yield curve, that will lead to an evaluation loss of 28.6 trln yen in BoJ’s bond holdings.
Uncertainty over Japan's economic outlook is extremely high.
Market reaction
USD/JPY is holding steady at around 135.25, unfazed by the BoJ-speak, at the press time.
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