BOJ Dep Gov Wakatabe says absolutely no change in BOJ commitment to continue easing

Bank of Japan Deputy Governor Wakatabe

• BOJ will continue to conduct monetary policy to achieve 2% inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term accompanied by wage growth
• global economy to slow temporarily but likely to pick up as inflationary pressure eases
• Japan's economy likely to continue recovering
• corporate inflation expectations shifting up somewhat
• what is most important is for changes in price, wages to be sustained, lead to achievement of 2% inflation target in stable, sustainable fashion
• there is absolutely no change to BOJ BOJ The Bank of Japan (BOJ) is the central bank of Japan. It was established in 1882 and is headquartered in Tokyo.The BOJ's main responsibilities include issuing and managing the country's currency, implementing monetary policy, and ensuring the stability of the financial system. It also acts as a lender of last resort to banks during times of financial crisis. The BOJ sets the interest rate of the country and sets an inflation target, aiming to achieve 2% inflation.The BoO has a long history, with The Bank of Japan (BOJ) is the central bank of Japan. It was established in 1882 and is headquartered in Tokyo.The BOJ's main responsibilities include issuing and managing the country's currency, implementing monetary policy, and ensuring the stability of the financial system. It also acts as a lender of last resort to banks during times of financial crisis. The BOJ sets the interest rate of the country and sets an inflation target, aiming to achieve 2% inflation.The BoO has a long history, with Read this Term's commitment to continue monetary easing
• our monetary easing was clearly effective in propping up economy
• efforts to boost long-term economic growth don't conflict with steps to stabilise economy including monetary easing
• making central bank's price target ambiguous would hurt transparency of monetary policy, effect of policy steps
• inflation target is important

USD/JPY is up a few ticks on the dep gov reiterating the bank's commitment to maintain very loose monetary policy.