INSTANT VIEW-Incoming BOJ chief Ueda says current low rates appropriate ...Middle East

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INSTANT VIEW-Incoming BOJ chief Ueda says current low rates appropriate
source : Devdiscourse ( Middle East ) () 25
Incoming Bank of Japan (BOJ) Governor Kazuo Ueda said on Friday it was appropriate to maintain ultra-loose monetary policy as inflation has yet to sustainably and steadily meet the central bank's 2% target. COMMENTARY: ALVIN TAN, HEAD OF ASIA FX STRATEGY, RBC CAPITAL MARKETS, SINGAPORE "Ueda appears to be following closely the existing BOJ policy script, which is unsurprising to us as we doubt that he is going to execute an abrupt policy pivot once in office. Policy normalisation in Japan is happening, but it will be a very gradual and cautious process." MATT SIMPSON, SENIOR MARKET ANALYST, CITY INDEX, BRISBANE

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