BoJ's Govenor Kuroda: Japan's inflation is expected to decelerate from 2023

Ross J Burland FXStreet

Bank of Japan Governor Haruhiko Kuroda is holding a press conference about monetary policies in Tokyo.

Key quotes

A global economic slowdown has been observed, and Japan's inflation is expected to decelerate from 2023.

As recent market turmoil in the UK has shown, the reaction of market participants to policy decisions and announcements could significantly impact asset prices.

The risk of a sudden loss of confidence, and crisis in Asia does not seem to be significant at this juncture but policymakers should not be complacent.

ASEAN+3 policymakers must be vigilant in face of risks and offer clear, sufficient and timely communication to avoid unintended outcomes.

Economic activity could be pushed down further, especially in the euro area depending on commodity prices, and developments in the situation surrounding Ukraine.

USD/JPY update

The price remains on the front side of the downtrend and that leaves the outlook bearish for the near future on an intraday basis. However, there are prospects of a bullish correction in the lower time-frames so long as 135.00 can hold up:

About BoJ governor Kuroda

Mr Kuroda exercises general control over the Bank's business. He is in charge of the Internal Auditors' Office.

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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