BoJ’s Uchida: Central bank needs to patiently continue monetary easing

Dhwani Mehta FXStreet

Bank of Japan (BoJ) Deputy Governor Shinichi Uchida said on Monday, the central bank “needs to patiently continue monetary easing.”

Additional quotes

Needs to closely watch currency market moves.

Decision in July to make yield target flexible is aimed at flexibly responding upside and downside risks.

Aiming to achieve 2% inflation target in sustainable and stable manner in tandem with wage growth.

We're not in a situation where achievement of 2% inflation target is in sight.

Market reaction

USD/JPY is sidelined near the 148.35 region, unperturbed by the latest BoJ commentary.

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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