MNI BRIEF: BOJ Ueda: Mkts Unstable; Must Watch With Vigilance
MNI (LONDON) - Financial and capital markets remain unstable and the risk outlook for overseas economies, particularly the U.S., is high and the Bank of Japan will continue to watch their developments closely, Governor Kazuo Ueda said earlier Friday.
“Uncertainties surrounding the Japanese economy and prices remain high and we have to carefully monitor how developments in financial and foreign exchange markets (impact) on the Japanese economy and prices,” Ueda said in a speech read by Deputy Governor Shinichi Uchida at the National credit union conference.
Ueda largely maintained his previous view without flagging an imminent rate hike. Uchida also said that the BOJ will manage monetary policy in an appropriate manner in response to economic, price and financial conditions from the viewpoint of achieving the price target in a stable manner.