Bank of Japan (BoJ) Deputy Governor Shinichi Uchida said on Tuesday that the central bank “will keep raising interest rates if economy, prices improve in line with our forecast.”
Additional comments
- Uncertainty surrounding each country’s trade policy extremely high.
- Japan’s underlying inflation likely to re-accelerate after period of slowdown in growth.
- Mindful that recent rise in prices have negative impact on consumption.
Market reaction
USD/JPY remains heavy near 145.00 following these headlines, down 0.38% on the day, as of writing.