The Bank of Japan (BOJ) will mull exit from easing policy when inflation nears 2%, the central bank Governor Haruhiko Kuroda said in a scheduled speech on Tuesday.
“Monetary policy does have some limits in trying to achieve the inflation target.”
“We have done our utmost but still did not achieve 2% inflation.”
“Ultimately, central banks are responsible for preventing excessive inflation/deflation.”
USD/JPY back on the bids
USD/JPY is seeing some signs of life on Governor Kuroda’s comments and a rebound in the US Treasury yields amid risk-reset.
The spot was last seen trading at 103.80, up 0.07% on the day.
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