BOJ governor Ueda: Board members did not agree to proposal by Takata, Tamura

Underlying inflation is still below 2% but approaching that levelNeed to be mindful of downside risks to prices from tariffsWe want to look at more dataWant to scrutinise the data amid high uncertainties from trade policies on the economyWe plan to proceed with ETF, J-REIT sales until they are fully disposedNot considering changing pace of ETF sales to adjust monetary policyAgain, he seems to be mostly conveying the majority view and dismissing the dissents from Takata and Tamura. In other words, he’s trying to not make a big deal out of it. As for the ETF sales, I noted earlier how at the current pace it would take 112 years for them to fully unload their holdings. Good luck with that. USD/JPY has now erased losses on the day to 147.95 currently.
This article was written by Justin Low at investinglive.com.

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