May 27, 2022 - 11:42 AM 273 views
More remarks from Bank of Japan Governor Haruhiko Kuroda are coming in, as he now discusses the central bank's inflation outlook.
Until and unless energy prices fall sharply, Japan’s core CPI will probably remain around 2% for about one year.
The Bank of Japan (BOJ) will carry on working sharply with the government and they aim to achieve a 2% inflation rate.
Price rates won’t increase continuously unless they are encouraged by the labor rate hikes.
The Market Reaction
The USD/JPY currency pair is nearing a daily low of 126.70 points, having fallen by 0.34% in a single day. The pair's movement is basically directed by the broad-based US dollar when these Japanese officials carry on with their verbal intervention.