The governor of the Bank of Japan (BOJ), Kazuo Ueda, said Friday that the Central Bank must maintain a well -off monetary policy to support economic growth and ensure that underlying inflation gradually moves to the objective of 2%.
Ueda told Parliament that the recent increase in the consumer price index above the 2% target has been led by cost thrust factors, such as high prices and fuel prices that will probably dissipate.
The comments occur a week after the bank increased the cost of reference loans to 0.5%, the highest in more than 16 years, and could calm the fears of a risk led by yen in the global markets, including the cryptocurrencies, as observed in August.
However, the governor maintained that rates increases will continue if the economy evolves as expected. According to Forexlive, merchants see the next BC rates in July.
