- Easy financial conditions will be maintained for the time being
- The behavior of monetary policy from now on will depend on the state of the economy and prices at that time
- We will not judge politics based on one indicator
- The economic outlook and risk outlook may also be a reason for a policy change
- The Japanese economy has recovered moderately but there is still some weakness
- You should pay attention to financial and foreign exchange market movements and their impact on the economy and prices
- Monetary policy does not aim to control the exchange rate directly
Nothing out of the ordinary from Ueda so far. It emphasizes relying on data most of the time. In addition, he is trying to reiterate that they still have options to raise interest rates further if necessary. This is despite the recent inflation data not working in their favor.
This article was written by Justin Lu at www.forexlive.com.
