The Bank of Japan was expected and has maintained its key interest rates at today\u2019s meeting, continuing to defend low rates with bond-buying but is uber dovish and pessimistic in its guidance.<\/p>\n\n\n\n
The yen is now pushed above 129 the figure toughing a 20-year high and that is where it will need to stay for a convincing prospect of a continuation for the foreseeable future.<\/p>\n\n\n\n
More comments are flowing in from Bank of Japan (BOJ) Haruhiko Kuroda, as he continues to speak on the monetary policy outlook at the post-policy meeting press conference.<\/p>\n\n\n\n
Appropriate to maintain current powerful monetary easing to support economy.<\/p>
Need to patiently continue current powerful monetary easing.<\/p>
Excessive currency moves as seen recently will make it hard for business planning.<\/p>
Western central banks are normalising policy but japan is not in such situation given its economy, price trend.<\/p>
Takes more time to achieve 2% inflation target in virtuous cycle of rising corporate profits, wages<\/p>
Watching closely impact of fx moves on Japan\u2019s economy, prices.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"
The Bank of Japan was expected and has maintained its key interest rates at today\u2019s meeting, continuing to defend low rates with bond-buying but is uber dovish and pessimistic in its guidance. The yen is now pushed above 129 the figure toughing a 20-year high and that is where it will need to stay for …<\/p>\n","protected":false},"author":9,"featured_media":57860,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[7907,6978,6987,6971],"class_list":["post-64586","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-boj","tag-cpi","tag-inflation","tag-nikkei"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/64586","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=64586"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/64586\/revisions"}],"predecessor-version":[{"id":64587,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/64586\/revisions\/64587"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/57860"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=64586"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=64586"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=64586"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}