Bank of Japan (BoJ) Deputy Governor Ryozo Himino said on Thursday that the central bank will reach decision on rates balancing need to gain information on economy, financial conditions, and acting in timely fashion to avoid being behind the curve on inflation.
Key quotes Don’t see any specific distortion in jgb market
As such, BoJ can proceed with current bond taper plan. It is not as if BoJ won’t shift policy unless it has complete information on economic, price and financial developments. Will take into account fact underlying inflation is nearing 2% in making policy decision.
BoJ will reach decision on rates balancing need to gain information on economy, financial conditions, and acting in timely fashion to avoid being behind the curve on inflation. Market reaction At the time of writing, the USD/JPY pair is up 0.02% on the day at 159.35. Bank of Japan FAQs The Bank of Japan (BoJ) is the Japanese central bank, which sets monetary policy in the country.