Thursday , 21 November 2024
Home Forex BOJ’s Himino: We have enough time to carefully monitor financial markets
Forex

BOJ’s Himino: We have enough time to carefully monitor financial markets

  • Ueda told PM Ishiba that BOJ has enough time to carefully monitor financial markets
  • There is no silver bullet in better communication
  • Each approach comes with pros and cons
  • No clear consensus among policymakers about future approach on better communication
  • But there is a strong will to learn from what happened in August

If you need to recall, there was a bit of a mix up in messaging from the BOJ back in August. It came as the carry trade unwind went into overdrive and the Japanese central bank tried to calm markets amid all the volatility. Deputy governor Uchida came out to say that the market swings would “obviously” affect the BOJ’s plans and that caused a bit of a stir as mentioned here at the time. Some took it to mean as Uchida was having differing thoughts to governor Ueda but all of that has since been cleared up. In short, it was a whole lot of ruckus over nothing really.

This article was written by Justin Low at www.forexlive.com.

Leave a comment

Leave a Reply

Your email address will not be published.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

Related Articles

Australian economy – household income has collapsed back to 2009 levels

This is via Roger Wilkins, an economist at The University of Melbourne.A...

ICYMI – SEC Chair Gensler to Depart Agency on January 20

The US Securities and Exchange Commission announced on Thursday that its Chair,...

Deutsche Bank: EUR/USD could fall below parity, potentially reaching 0.95 or even lower.

A note from Deutsche Bank analysts see them warning that a full-force...

Australia preliminary manufacturing PMI November 49.4 (October was 47.3)

Australia Judo Bank / S&P Global data. Mixed bag, up for manufacturing...