BoK: Past monetary policy change in Japan had only limited impact on the Won
|In its monthly report of economic and financial issues, the Bank of Korea (BoK), the South Korean central bank, said “past monetary policy change in Japan had only limited impact on won.”
Additional takeaways
“Private consumption in 2023 likely to be weaker than expected.”
“Country's housing price decline faster than in other countries.”
“Domestic CP market recovery to become more pronounced going forward.”
“Domestic household debt falling without big credit event concern.“
Market reaction
At the time of writing, USD/KRW is trading modestly flat at around 1,232, having slipped from higher levels near 1,235.
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.