February 27, 2025 15:58 GMT
BOJ: Ueda Re-iterates Readiness To Use OMOs To Respond To Rates Volatility
BOJ
Some headlines crossing from BOJ Governor Ueda on Reuters, speaking at the G10:
- "BANK OF JAPAN GOVERNOR UEDA : THERE IS STILL UNCERTAINTY ON US TARIFF POLICY, HOW OTHER COUNTRIES WILL RESPOND, SO NEED TO SCRUTINISE DEVELOPMENTS IN GAUGING IMPACT ON GLOBAL, JAPANESE ECONOMIES"
- "WILL MAKE DECISION ON MONETARY POLICY AFTER SCRUTINISING IMPACT OF US POLICIES ON GLOBAL ECONOMY, MARKETS, JAPAN'S ECONOMY AND PRICES"
- "BANK OF JAPAN GOVERNOR UEDA : WHEN THERE ARE SHARP MOVES IN LONG-TERM RATES THAT DEVIATE FROM USUAL MOVES, WE STAND READY TO USE FLEXIBLE MARKET OPERATIONS AS AN EXCEPTIONAL RESPONSE"
Worth reminding that in a Parliamentary address last week, Ueda emphasised that financial conditions remain supportive, firms' funding conditions are stable, and bond yields are market-driven, though the BoJ is prepared to intervene if yields rise sharply.
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