BOJ’s Ueda says will not hesitate to ease monetary policy further if necessary

• Appropriate to continue monetary easing to achieve 2% inflation target
• Risk from tightening too hastily is larger than monetary policy falling behind the curve
• Japan inflation likely to slow below 2% in latter half of the year
• Decided to reorganise forward guidance given changes in government’s classification of Covid-19, lower risk of pandemic’s impact on economy and markets

The headline remark is an homage to Kuroda but the bolded remark is the one that stands out. In some sense, if you were to expect the BOJ to be more brave under Ueda, you have reason to doubt that now. The Japanese yen is falling further as he speaks with USD/JPY
USD/JPY

The USD/JPY is the currency pair encompassing the dollar of the United States of America (symbol $, code USD), and the Japanese yen of Japan (symbol ¥, code JPY). The pair’s rate indicates how many Japanese yen are needed in order to purchase one US dollar. For example, when the USD/JPY is trading at 100.00, it means 1 US dollar is equivalent to 100 Japanese yen. The US dollar (USD) is the world’s most traded currency, whilst the Japanese yen is the world’s third most traded currency, resulting

The USD/JPY is the currency pair encompassing the dollar of the United States of America (symbol $, code USD), and the Japanese yen of Japan (symbol ¥, code JPY). The pair’s rate indicates how many Japanese yen are needed in order to purchase one US dollar. For example, when the USD/JPY is trading at 100.00, it means 1 US dollar is equivalent to 100 Japanese yen. The US dollar (USD) is the world’s most traded currency, whilst the Japanese yen is the world’s third most traded currency, resulting
Read this Term racing up to 135.50 at the moment.