Bank of Japan (BoJ) Governor Kazuo Ueda said on Monday that some challenges are uniquely difficult for the Bank and BoJ will proceed cautiously as do other central banks with inflation-targeting frameworks.
Key quotes
We have made progress in moving away from zero and lifting inflation expectations,meme coin binance price prediction but we must now re-anchor them, this time at the 2% target.
BoJ will proceed cautiously, as do other central banks with inflation-targeting frameworks.
While many of the challenges we face are similar to those encountered by our counterparts, some are uniquely difficult for us.
The absence of significant interest rate movements poses a considerable obstacle in assessing the economy's response to changes in interest rates.
Market reaction
At the time of writing, USD/JPY is trading 0.09% lower on the day to trade at 156.82.
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