BoJ’s Adachi - Japan is just halfway to meeting the Bank of Japan's pricing target.

On Thursday, the Bank of Japan (BOJ) board member, Seiji Adachi, said in a statement that Japan is still on track to achieve the Bank of Japan’s (BOJ) price target.

June 02, 2022 - 02:36 PM 271 views

BoJ’s Adachi - Japan is just halfway to meeting the Bank of Japan's pricing target.

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© BoJ’s Adachi - Japan is just halfway to meeting the Bank of Japan's pricing target.

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On Thursday, the Bank of Japan (BOJ) board member, Seiji Adachi, said in a statement that Japan is still on track to achieve the Bank of Japan’s (BOJ) price target.

Key Quotes

Seems to have a high chance of inflationary pressure increasing in Japan.

Displays signs of improvement in Japan’s service spending.

Japan’s exports are increasing as a trend.

Slowly, Japan’s economy is picking up as a trend.

There is an increasing threat to China’s output, which is caused by the Zero-COVID policy that may lead to some serious global supply chain crisis.

Such threats from China might be temporary if the COVID infection diminishes and China’s output rebounds.

We must be cautious of various threats. The United States of America (USA) monetary policy may lead to a considerable slowdown in the economy, which may cause to alter the global asset prices.

We should not forget that the strong Yen currency was among those factors that contributed to Japan’s long period of deflation and economic sluggness.

The Market Reaction

The USD/JPY currency pair remains undaunted by the above comments and as of now it is trading at 130.03 points, falling by 0.04% in a day.

 

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