Bank of Japan Deputy Governor Uchida:
The direct impact of U.S. tariff hikes on Japanese firms is likely to first appear in export profitability or export volume.We will scrutinise how such downside and upside risks affect our price outlook via corporate wage and price-setting behaviour.
We must adjust monetary policy to best balance upside and downside risks from the perspective of maintaining economic and price stability.
The BoJ aims to take an orthodox, robust monetary policy approach, especially because uncertainty is extremely high.
It is important to firmly support economic activity by maintaining accommodative financial conditions.
Large-scale monetary easing was a necessary policy, but there is no such thing as a free lunch.
Only when the BoJ makes a successful exit can it be judged that our monetary easing had a positive effect on Japan's economy.
more to come
Uchida adding to his cautious comments here:
Bank of Japan deputy governor Uchida: Japan’s economy has recovered moderately This article was written by Eamonn Sheridan at investinglive.com.Hence then, the article about more from bank of japan deputy governor uchida was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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