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BoJ governor Kuroda: Sharp yen fall, coupled with raw material price rise, driving up Japan's prices – by fx_ross BOJ
''Consumer inflation likely to accelerate toward year-end before sliding below 2% next fiscal year,'' he added. He explained that there is very high uncertainty on how fx fluctuation and global commodity prices affect domestic prices and that the central bank will keep a close eye on fx as well as market moves and their impact on the economy.
Japan's Prime Minister, Fumio Kishida said that the BoJ looks comprehensively at various factors like economy and prices, not just fx, in guiding''FX moves on various factors when asked whether the US-Japan interest rate gap is behind the weak yen.If BoJ policy affects fx moves, the government will work closely with the BoJ to take appropriate steps as mentioned earlier by the finance minister.Won't comment on specific yen levels but govt ready to take appropriate action as needed.''The bull eye the prospects of running up to the psychological level of 150 where speculating lies for further intervention from the Japanese authorities. At the start of the week, Japan’s top currency diplomat Masato Kanda said authorities would firmly respond to any excessive currency fluctuations. Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page. If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet. FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted. The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
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