BOJ Gov Ueda says must maintain monetary easing as CPI still below 2%

Bank of Japan Governor Ueda, more remarks incoming

• True that rising import prices are being passed on to domestic prices more than expected
• Japan's consumer 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, including index stripping away fuel costs, likely nearing its peak, seeing slowing ahead
• 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 must maintain monetary easing as trend inflation still below 2%
• If it can be foreseen that trend inflation will reach 2%, BOJ must head toward policy normalisation
• How to revise YCC will depend on various factors, such as economic conditions, pace of inflation at the time

Ueda was asked what would be the conditions for the Bank of Japan to consider tweaking YCC:

• BOJ's inflation forecast 6 mths, 1 year, 1.5 year ahead must be quite strong and close to 2%
• cant say how the BOJ would specifically tweak YCC

Earlier:

BOJ Governor Ueda says he doesn't think Japanese property prices excessively overvalued

Yen has dropped. USD/JPY is on approach to its Friday high, there will be work to do around here.