Ueda Speech: BoJ Governor speaks on policy outlook after the expected interest rate hold
Bank of Japan (BoJ) Governor Kazuo Ueda is addressing the press conference, explaining the reason behind leaving the key interest rate unchanged at 0.75% in the January policy meeting.
BoJ press conference key highlights
Japan’s economy is recovering moderately.
Japan’s economy is likely to continue moderate growth.
Government economic package boosted economic outlook.
Underlying inflation will keep rising moderately.
Takata and Tamura proposed revisions to the outlook report.
Will keep raising rates if the economic outlook is realized.
Lending rates linked to BoJ rate are already rising.
Conditions remain accommodative after December hike.
FX is affected by various factors.
Will refrain from commenting on Yen level.
I will keep watching FX closely.
Bond yields are rising very rapidly.
BoJ to conduct bond operations nimbly in exceptional cases.
We may conduct operations to encourage stable yield formation.
Underlying inflation getting closer to 2%.It’s possiblethe Yen is impacting prices more.We need to give more attention to FX.
