Bank of Japan´s governor Kazuo Ueda is speaking in Parliament and the following comments are coming across the wires:
Key comments
Monetary easing is not aimed at funding government spending.
Consideration towards govt’s debt-financing cost won’t constrain necessary monetary policy moves.
Dealing with cost-push inflation with monetary policy is very difficult, it’s about striking balance between need to curb inflation and supporting economy.
Cost-push inflation driven by rising raw material costs seems to be subsiding in Japan.
Risk of rise in inflation driven by lost of market trust in Japan’s finances low for now.
More to come…
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- Source: https://www.fxstreet.com/news/boj-kazuo-ueda-risk-of-rise-in-inflation-driven-by-lost-of-market-trust-in-japans-finances-low-for-now-202304260105
