Bank of Japan (BoJ) Governor Kazuo Ueda spoke in a press conference after attending the Group of 20 (G20) finance leaders' meeting in Washington on Thursday.
Bank of Japan Governor Kazuo Ueda spoke in a press conference after attendingtheGroup of 20 financeleaders'meeting in Washingtonon Thursday.Ueda said that the central bank may raise interest rates again if theYen'sdeclines considerably increase inflation, highlighting the impactcurrency moves may haveon the timing of thenextpolicy shift. Key quotes There'sa possibility the weak yen could push up trend inflation through rises in imported goods prices.
What has been the Bank of Japan’s policy? The Bank of Japan has embarked in an ultra-loose monetary policy since 2013 in order to stimulate the economy and fuel inflation amid a low-inflationary environment. The bank’s policy is based on Quantitative and Qualitative Easing , or printing notes to buy assets such as government or corporate bonds to provide liquidity.
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