BoJ’s Uchida: We will like to maintain stable, accmmodative monetary environment
Bank of Japan (BOJ) Deputy Governor Shinichi Uchida said on Thursday, “we will like to maintain a stable, accommodative monetary environment.”
Additional quotes
What is more important is the future short-term rate path, which will be set at appropriate level so consumer inflation moves around BoJ's 2% target
YCC and BoJ's bond buying management are intertwined
When we end or tweak YCC, we will think about how we would communicate our bond buying operation
Tweak to YCC would mean allowing yields to move more freely but we will ensure this does not lead to big change in our bond buying amount, sharp rise in yields
It would be natural to end ETF, j-reit buying if achievement of 2% inflation can be foreseen
Even if we were to end ETF, j-reit buying, impact on markets won't be big
What to do with our very huge ETF, J-Reit holding is a different problem, this is something we need to consider taking time
We expect service prices to rise accompanied by wage increases.
Related reads
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.
