BOJ’s Kuroda: Not considering at all rate hikes or tweaking current monetary easing

Dhwani Mehta FXStreet

Commenting on the prospects of an interest rate hike, the Bank of Japan (BOJ) Governor Haruhiko Kuroda said that they are “not debating rate hikes.”

Additional quotes

Not considering at all rate hikes or tweaking current monetary easing.

Not in situation of prices steadily rising towards 2% target.

It's true prices are rising for temporary factors.

Need to closely monitor omicron variant developments.

Very low possibility for omicron variant to boost prices towards 2% through supply constraints.

Won't link debate on normalising policy with my own term as governor.

No comment on specific forex levels.

Important for fx to move stably reflecting fundamentals.

Current weak yen is not bad for Japan’s economy.

Remain committed to lower interest rates if necessary, until 2% inflation is met.

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Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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