BoJ’s Ueda: No change to way of policy decision making process
Bank of Japan (BOJ) Governor Kazuo Ueda is addressing the post-September policy meeting press conference on Friday, noting that there is “no change to the way of the policy decision-making process that we scrutinize new data at every monetary policy meeting.”
Additional quotes
Companies' wage, price-setting behavior has been more positive recently.
We have yet to foresee inflation achieving 2% in stable manner.
No comment on asset price moves in financial market.
Next meeting in October will scrutinize various data including govt's gasoline subsidy extension.
Won't hesitate to take additional easing measures if necessary.
I said in Yomiuri interview that we need to patiently continue easy policy.
Uncertainty quite high over economic, price outlook as well as currencies and financial markets.
Macroeconomic impact of slight rise in mortgage rates is limited.
Pace of fall in inflation rate seems somewhat slower than forecast in July.
Market reaction
In reaction to the above comments, USD/JPY is refreshing intraday highs near 148.35, up 0.51% so far.
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.
