May 10, 2022 - 12:27 PM 255 views
The Central Bank’s Executive
Director of Monetary Policy, Shinichi Uchida, said on Tuesday that "The
Bank of Japan must continue its support and strengthen the economy with the
present powerful monetary stimulus."
The Bank of Japan's (BoJ) simple and
easy monetary policy has lifted the economic costs.
Must make sure to provide continuous
support to the economy with all-powerful monetarypolicy easing.
At present, Japan is still
recovering from the pandemic's effects.
Recently, Japan has been under heavy
pressure for raising the prices of commodities.
Currently, there are no plans to
alter the 50 basis point (bps) band set around the 10-year JGB target.
Latest yen Currency movements are
not favorable, making it highly difficult for companies to fix business
The Market Reaction
The USD/JPY currency pair is trading
near 130.00 this week, pressured by the risk-off market and the commanding of
inflation and growth risks.
Currently, the pair is below 0.17%
on a day with US treasury yields are pulling back from multi-year highs.