BoJ’s Governor Ueda: Aware that long-term interest rates are rising rapidly
Bank of Japan (BoJ) Governor Kazuo Ueda told reporters that they need to closely monitor signs of upward price pressure and that he will take appropriate monetary policy to achieve the BoJ inflation target, after a Group of Seven finance chiefs and central bankers' meeting in Paris on Tuesday.
Key quotes:
G7 central banks agreed that rising energy prices are affecting inflation expectations, economy, financial markets.
Latest GDP data are mostly in line with our forecast, Middle East situation has begun to impact.
Need to closely monitor signs on upward price pressure.
Aware that long-term interest rates are rising rapidly.
When asked about BoJ tapering plans: will assess market situation, functionality.
Will take appropriate monetary policy to achieve inflation target.
Will closely work with the government on JGB market situation.”
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Finance Expert Says You Need 10,000 XLM ASAP. Here’s why
Long-Term Bitcoin Holders Just Stopped Selling After a 260,000 BTC Dump
Interactive Brokers Develops New Integration With X Cashtags
Cryptocurrency Holders May Gain New Returns from UE Crypto Coverage
