BOJ’s Nakamura: Japan's economy in a severe state but picking up as a trend
The Bank of Japan (BOJ) board member Toyoaki Nakamura said Wednesday, “Japan's economy remains in a severe state but picking up as a trend.”
Additional comments
“Japan consumer inflation likely to gradually accelerate as economy recovers.”
“Japan's economy likely to recover as pandemic impact begins to ease.”
“Japan's exports likely to increase steadily on robust global demand, recovery in capex.”
Market reaction
USD/JPY is closing in on the 110.00 level, thanks to the advance in the US Treasury yields, which drives the dollar northward.
The spot was last seen changing hands at 109.80, up 0.16% 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.
