Bank of Japan Governor Ueda Discusses Rate Guidance and FX Movements
Tuesday, 9 April 2024, 06:38
Bank of Japan Governor Ueda's Statement
Ueda emphasizes that the current guidance does not guarantee the long-term maintenance of the overnight call rate target at 0%-0.1%. There are various factors influencing foreign exchange movements, and Ueda refrains from commenting on specific levels.
Additional Points by Governor Ueda:
- Rate Expectations: He indicates the likelihood of rates remaining low even following recent policy alterations.
This article was written by Arno V Venter.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.