BOJ's Kuroda: Will mull exit from easing policy when inflation nears 2%

Dhwani Mehta FXStreet

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.

Additional comments

“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.

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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