BoJ’s Ueda: To continue QQE until achievement of inflation target
|"The Bank of Japan (BoJ) will continue QQE until the achievement of the inflation target," the central bank Governor Kazuo Ueda said on Tuesday.
Additional quotes
Inflation expectations have remained low because of prolonged zero inflation and deflation.
Inflation and inflation expectations are heightening.
Japan is gradually seeing change in norm under which the public acts on assumption that wage and inflation will stay low.
Changes are emerging gradually to deflationary mindset that prices and wages are hard to rise.
When inflation target is achieved, inflation expectations would also be at 2%.
Market reaction
At the press time, USD/JPY is trading close to 139.50, down 0.09% on the day.
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.