BOJ will scrutinise trend inflation in adjusting monetary support, says Gov Ueda
TOKYO - Bank of Japan Governor Kazuo Ueda said on Wednesday the central bank will adjust the degree of monetary stimulus by scrutinising whether trend inflation will accelerate towards its 2% target as projected.
The BOJ ended eight years of negative interest rates and other remnants of its massive stimulus programme last month on the view that sustained achievement of its 2% inflation target has come into sight. "If we waited until trend inflation actually hit 2%, inflation could have gained momentum and sharply exceeded 2%. That would require raising rates aggressively. We wanted to reduce such risk," Ueda said, explaining why the BOJ exited its stimulus programme in March.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
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