Incoming BoJ Depty. Gov Uchida: Widening yield target band itself would weaken effects of easing
|Incoming Bank of Japan (BoJ) Deputy Governor Shinichi Uchida is testifying before the Japanese parliament’s Upper House on Tuesday.
Key quotes
Reviewing current easy policy just to address side-effects will reduce stimulus effect on economy.
Widening yield target band itself would weaken effects of easing.
It is too early to discuss an exit.
The specifics of the exit will be determined by the economic situation.
Difficult task from now on is to adopt timely steps taking economy, prices into account.
Financial stability is important factor when boj considers exit from stimulus.
Market reaction
USD/JPY fails to react to the dovish comments from Uchida. The pair is currently trading at 136.20, almost unchanged 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.