July 04, 2022 - 12:12 PM 426 views
According to Kazuo Momma, a former top official in charge of monetary policy at the central bank, the Bank of Japan (BOJ) will continue its current monetary easing programme "for many quarters to come" in order to ensure economic recovery and pursue a still-distant target of sustainable 2 percent inflation.
There is a strong argument, according to Momma, for the BOJ to continue using its existing yield curve control through the rest of this year or even after.
The Market Reaction
As of this writing, USD/JPY has stopped rising and is presently trading at around 135.10, down 0.06 percent today.
Learn to Trade with
Best and Trusted Global Broker
Start your journey with us and learn from basic to advance with one to one training session. Get full knowledge about the market from our expert team and become expert in market.
Free Enquiry Now: Click Here