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Bank of Japan Governor Kazuo Ueda made the following statements before Parliament early on Friday:

The Bank of Japan will continue to guide monetary policy from the perspective of achieving a sustainable inflation target of 2%.

  • Core inflation is gradually accelerating due to wage increases.
  • We will raise interest rates if expectations for the core inflation rate trend toward the Bank of Japan's 2% target are met.
  • We will conduct a careful examination of global and local economic developments, including U.S. tariffs.
  • No comment on specific currency exchange rate levels.
  • It is important for the exchange rate to move stably and reflect economic fundamentals.

At the same time, the Japanese Cabinet Office reported that the country's economy is recovering moderately amid uncertainty surrounding U.S. trade policy.


 Read more about The Governor of the Bank of Japan affirms: We will raise interest... - News source:https://www.arabictrader.com/en/news/central-banks/180250

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