BoJ’s Ueda: Will adjust the degree of monetary easing if the 2% inflation target is likely to be achieved

Dhwani Mehta FXStreet

Speaking in the Japanese parliament on Monday, Bank of Japan (BoJ) Governor Kazuo Ueda said that the central bank “will adjust the degree of monetary easing if the 2% inflation target is likely to be achieved.”

Additional quotes

Cannot sell long-term JGB holdings immediately; have been gradually tapering long-term JGB holdings now.

BoJ reaped paper profits of 33 trillion yen from ETF holdings in fist fiscal half of 2024.

Our policy purpose is to achieve stable prices, won't be disturbed by consideration for our finances.

Believe confidence in currency is maintained by appropriate monetary policy aimed at achieving stable prices.

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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