Bank of Japan Governor Kazuo Ueda is back on the wires on Thursday, via Reuters, commenting on the Bank’s policy.
Key quotes Negative rate and bother tools under BoJ's massive stimulus had boosted demand by pushing down real interest rates, but had side-effects too such as on JGB market function. Preliminary wage negotiation outcome tends to be revised down but even so, we thought final outcome would be fairly strong number. Consumption was showing some weakness but we were able to confirm strength in capex, when asked why boj decided to end negative rates in March not April..
Its value is broadly determined by the performance of the Japanese economy, but more specifically by the Bank of Japan’s policy, the differential between Japanese and US bond yields, or risk sentiment among traders, among other factors. How do the decisions of the Bank of Japan impact the Japanese Yen? One of the Bank of Japan’s mandates is currency control, so its moves are key for the Yen.
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