Japan’s Aso: Cannot expect inflation to accelerate without strong consumer demand
|Japan’s Finance Minister Taro Aso is making some comments on the country’s inflation outlook while appreciating the Bank of Japan’s (BOJ) measures to ramp up price pressures.
Key quotes
Doubts pent up demand will surge after the state of emergency is lifted
Appreciate the Bank of Japan efforts to push inflation higher
Aware of opinions that monetary policy alone limited in accelerating inflation.
Joint efforts are needed between monetary and fiscal policies to boost inflation.
Market reaction
USD/JPY is flirting with two-month tops of 111.19, up 0.16% on the day, thanks to the ongoing rally in the US Treasury yields across the curve amid the Fed’s hawkish shift.
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