Japan PM Kishida: Rises in consumer prices have remained limited until now
|Japanese PM Fumio Kishida is trying to downplay concerns over rising inflation during his appearance before the media on Monday.
Key quotes
“Rises in consumer prices have remained limited until now.”
“Not thinking about touching sales tax.”
Read: Japanese Government Official: Forex stability is important
Market reaction
USD/JPY is currently trading at 117.78, consolidating just below the five-year highs of 117.88 while adding 0.43% so far this Monday. The Fed-BOJ monetary policy divergence is playing out, weighing heavily on the Japanese yen.
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