The post July rate increase aligns with the Bank of Japan’s economic expectations appeared on BitcoinEthereumNews.com.

The Bank of Japan (BoJ) Governor Kazuo Ueda responded to a parliamentary question on Friday, saying that the Japanese economy is moving in line with price target protections. Ueda further stated that he will closely watch the market moves with a sense of urgency as uncertainties remain.   Key quotes Sees stocks recovering from mid-August onward.  Adjusts overblown concerns about the US economy. To monitor markets with high urgency. Sees financial markets in unstable conditions. July rate increase aligned with the Bank of Japan’s economic expectations. Emphasizes the need for clear communication of the bank’s policies. To maintain cautious communication.  Expects to adjust policy if economy moves as planned. Maintains stance on adjusting easing measures with increased certainty. To maintain close collaboration with government.  Market reaction to the BoJ’s Ueda speech At the time of writing, USD/JPY is trading 0.11% lower on the day to trade at 146.12.    Source: https://www.fxstreet.com/news/bojs-ueda-july-rate-increase-aligns-with-the-bank-of-japans-economic-expectations-202408230047

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Filed under: News - @ August 23, 2024 1:13 am