BOJ’s Wakatabe: Central banks must uphold strong commitment to price goal – Nikkei

Dhwani Mehta FXStreet

In a joint editorial piece, carried by the Nikkei Asian Review, the Bank of Japan (BOJ) Deputy Governor Masazumi Wakatabe said that the central banks must stick to their commitment to reach their price goals, If they want to combat the inflationary or deflationary risks induced by the coronavirus pandemic.

Policymakers must increasingly shift focus from liquidity to solvency problems that may arise due to COVID-19, he added.

Market reaction

The above comments had little to no impact on the Japanese yen, as USD/JPY continues to be driven by the risk trends. The spot is back into the red zone amid negative S&P 500 futures, now trading at 107.75, down 0.15% 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.

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