Free Trial

MNI BRIEF: BOJ Must Watch Forex Moves - Amamiya

(MNI) Tokyo

Bank of Japan Deputy Governor Masayoshi Amamiya said on Friday that the BOJ must pay great attention to developments in financial and foreign exchange markets and their impact on economy and prices.

“The BOJ will maintain easy policy in order to achieve the price stability target in a stable and sustainable manner, while steadily supporting the economy,” Amamiya said at the general meeting of the Shinkin Bank Association. (See MNI INSIGHT: BOJ Eyes Autumn Move If Yen Steadies, Prices Rise)

Amamiya also said that Japan’s core inflation rate is expected to stay at around 2% but the year-on-year rise is likely to shrink as the contribution from energy will wane.

He added that the BOJ continues to carefully monitor corporate funding as commodity and energy prices rise.

MNI Tokyo Bureau | +81 90-2175-0040 | hiroshi.inoue@marketnews.com
True
MNI Tokyo Bureau | +81 90-2175-0040 | hiroshi.inoue@marketnews.com
True

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.