BOJ’s Kataoka: Central bank must ramp up bond buying
|The Bank of Japan (BOJ) board member Goushi Kataoka is back on the wires now, via Reuters, noting that the Japanese central bank must ramp up bond buying for the purpose of pushing down short-, long-term rates.
Additional quotes
“Govt, BOJ must communicate sufficiently in guiding policy.”
“BOJ’s role is to take steps to achieve 2% inflation at the earliest date possible.”
“Given economic developments, personally see need to take bolder steps on monetary policy.”
“BOJ must ramp up bond buying for the purpose of pushing down short-, long-term rates.”
“BOJ has role to play in combatting climate change as heavy rain, typhoons do affect the economy, household income.”
“BOJ will seek to address various problems while focusing on hitting its price target.”
“Must look at various data to gauge Japan’s export outlook, when asked about recent weak China PMI, rising covid cases in southeast Asia.”
“I do have in mind idea the preferable size of bond buying, but won't comment as monetary policy must be decided at BOJ’s policy-setting meetings.”
USD/JPY reaction
USD/JPY is trading almost unchanged on the day, hovering around 110.00, as of writing. The spot is divided between the US dollar’s rebound and cautious market mood.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.