BOJ’s Kuroda: Monetary policy’s transmission channel may change in a rapidly changing world
|"Monetary policy’s transmission channel may change in a rapidly changing world with uncertainties," said Bank of Japan (BOJ) Governor Haruhiko Kuroda per video released by BIS of panel held in basel June 26.
More comments
Japan core CPI excluding fresh food reached 2.1% in april and may, almost wholly due to international energy price increases.
Unlike other economies, Japanese economy has not been much affected by the global inflationary trend so monetary policy will continue to be accommodative.
15-year deflation experienced in Japan made firms very cautious in raising prices and wages.
Mandate of central banks will remain the same, which is to stabilise prices for economic development with our monetary policies.
Monetary policy’s transmission channel may change in a rapidly changing world with uncertainties.
FX implications
USD/JPY remains on the front foot arund 136.00 as bulls take a breather after three-day uptrend.
Also read: USD/JPY aims to recapture two-decade high on stable forecasts for US PCE, Fed Powell eyed
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