BOJ governor Ueda: Will continue to raise rates if economy, prices stick to forecasts

Japan’s economy is recovering moderately albeit with some weaknessEconomic growth likely to moderate as trade policies lead to slowdown in overseas economiesEasy monetary conditions will support the economyEconomic growth likely to rise thereafter with overseas economies returning to moderate growth pathImpact of rising food prices likely to dissipateWill continue to raise policy rate if economy, prices move in line with forecastsImportant to judge whether outlook will be achieved without any preconceptionWell, he’s not really offering anything new nor changing things up from their previous communique. That does say quite a bit despite some hawkish dissents in the vote. For now, the overall language has yet to see anything different. USD/JPY is trimming losses to 147.80 now from around 147.20 earlier at the tail end of Asia trading.
This article was written by Justin Low at investinglive.com.

Source: investinglive.com (Read Full Article)