BOJ's Amamiya: It's critical to keep the current aggressive easing going to support the economy and people's livelihoods.

As per Reuters, the Bank of Japan (BoJ) Deputy Governor Masayoshi Amamiya said that, "Since the acquisition of the fixed-rate policies, the long-term interest rates have stabilized."

May 17, 2022 - 12:53 PM 245 views

BOJ's Amamiya: It's critical to keep the current aggressive easing going to support the economy and people's livelihoods

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© BOJ's Amamiya: It's critical to keep the current aggressive easing going to support the economy and people's livelihoods

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As per Reuters, the Bank of Japan (BoJ) Deputy Governor Masayoshi Amamiya said that, "Since the acquisition of the fixed-rate policies, the long-term interest rates have stabilized."

Key Comments

Recently, the fast-paced Forex (FX) movements could have increased the uncertainty over the outlook.

There should be no linkage between BOJ monetary policy and the BOJ governor.

The Bank of Japan (BoJ) targets the righteous cycle of growth in prices, corporate profits, labour wages, and employment opportunities.

Currently, if monetary easing is lowered, then it would be even more difficult to reach the 2% inflation rate.

The Forex Market's (FX) Reactions

The market sentiment for the USD/JPY currency pair remained positive, hovering around the intraday level of 129.35 points.

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