Friday , 22 November 2024
Home Forex BOJ Governor Ueda: Underlying inflation has been rising slowly
Forex

BOJ Governor Ueda: Underlying inflation has been rising slowly

You have to wonder if the Bank of Japan begins to tilt more hawkishly once again in light of the yen declines.

  • It’s still taking time for us to get to 2% in a sustainable manner
  • If you have inflation expectations anchored around zero, it’s hard to change them
  • We can’t telegraph all our future movements ex ante
  • The problem is that if you proceed very gradually and create expectations that rates are going to stay at low levels for a very long time, this could lead to huge build up of speculative positions

This article was written by Adam Button at www.forexlive.com.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

Eurozone November flash services PMI 49.2 vs 51.6 expected

Prior 51.6Manufacturing PMI 45.2 vs 46.0 expectedPrior 46.0Composite PMI 48.1 vs 50.0...

Poor French and German PMI data keeps ECB 50 bps rate cut in play

Money market pricing is now seeing roughly 35% odds of a 50...

USDJPY Technical Analysis – We continue to range around key levels

Fundamental OverviewOverall, we’ve seen a rangebound price action in the US Dollar...

Germany November flash manufacturing PMI 43.2 vs 43.0 expected

Manufacturing PMI 43.2 vs 43.0 expected and 43.0 prior.Services PMI 49.4 vs...