Bank of Japan (BoJ) Deputy Governor Shinichi Uchida said on Monday, the central bank “needs to patiently continue monetary easing.”
Additional quotes
Needs to closely watch currency market moves.
Decision in July to make yield target flexible is aimed at flexibly responding upside and downside risks.
Aiming to achieve 2% inflation target in sustainable and stable manner in tandem with wage growth.
We’re not in a situation where achievement of 2% inflation target is in sight.
Market reaction
USD/JPY is sidelined near the 148.35 region, unperturbed by the latest BoJ commentary.
Source: https://www.fxstreet.com/news/bojs-uchida-central-bank-needs-to-patiently-continue-monetary-easing-202309250655