Ueda speech: BoJ will take appropriate policy decision to stably achieve 2% inflation target

Dhwani Mehta FXStreet

Bank of Japan (BoJ) Governor Kazuo Ueda said on Monday that “the BoJ will take appropriate monetary policy decision to stably achieve 2% inflation target, while scrutinizing economic, price and financial developments without any preconception.”

Further comments

Global Japanese economic uncertainty has heightened sharply due to the US tariff policy.
US tariff policy is likely to put downward pressure on global and Japanese economies through various channels.
US tariffs are likely to exert both upside and downside pressure on prices.
Impact on Japan's economy will also depend largely on upcoming developments in US tariff policy.

Market reaction

USD/JPY remains heavy below 143.00 following these comments, down 0.44% on the day.

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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