BoJ conference LIVE - Ueda's speech

7:37 AM 22 September 2023

A conference with BoJ Governor Ueda has just begun, where the banker will comment on the bank's decisions on monetary policy, as well as comment on predictions for future moves by the BoJ.

Here are Ueda's most important comments:

Start investing today or test a free demo

Open real account TRY DEMO Download mobile app Download mobile app
  • JAPAN'S ECONOMY IS MODERATELY RECOVERING.
  • WE EXPECT CPI TO PICK UP AFTER DECELERATION.
  • WE'RE NOT IN A SITUATION WHERE WE CAN SEE THE GOAL BEING MET YET.
  • WON'T HESITATE TO TAKE ADDITIONAL EASING MEASURES IF NECESSARY.
  • COMPANIES’ WAGE AND PRICE SETTING BEHAVIOR HAS BEEN MORE POSITIVE RECENTLY.
  • WE HAVE YET TO FORESEE INFLATION ACHIEVING 2% IN A STABLE MANNER.
  • I SAID IN THE YOMIURI INTERVIEW THAT WE NEED TO PATIENTLY CONTINUE OUR EASY POLICY.
  • UNCERTAINTY IS QUITE HIGH OVER ECONOMIC AND PRICE OUTLOOK AS WELL AS CURRENCIES AND FINANCIAL MARKETS.
  • WE CAN'T SAY WHEN POLICY MAY BE ADJUSTED.
  • I CAN'T SAY WHEN WAGE RESULTS WILL BE CLEAR.
  • WE HAVE PRIORITIZED MANAGING THE RISK OF ACTING TOO SOON.
  • TODAY WE DISCUSSED THAT INFLATION'S RATE OF DECELERATION HAS BEEN SLOWER THAN IN THE JULY OUTLOOK REPORT.
  • SEEING U.S. FED STANCE TO KEEP RATES HIGH
  • THE US ECONOMY IS STRONGER THAN EXPECTED WHILE PARTS OF EUROPE AND CHINA ARE WEAK.
  • WE ARE SEEING THE CONTINUED CONTRACTION IN JAPAN'S REAL WAGES WITH "CONCERN".
  • We could consider ending yield curve control and modify negative interest rate policy
  • But only when we judge that achievement of 2% inflation is in sight
  • We are not in a situation now to decide on the order of change in policy tools
  • WE STILL CANNOT IDENTIFY WHAT VARIABLE WOULD LEAD TO THE ACHIEVEMENT OF 2% INFLATION AND THE END OF NEGATIVE INTEREST RATE POLICY.
  • DISTANCE TO ENDING NEGATIVE RATES NOT CHANGED MUCH
  • WE WANT TO ACHIEVE 2% INFLATION BY CARRYING ON EASY POLICY WITH HELP OF SOMEWHAT HIGH INFLATION RATE DRIVEN BY RISING IMPORT PRICES

Yen extends declines against US dollar amid Ueda comments. Source: xStation 5

Share:
Back
Xtb logo

Join over 1 000 000 XTB Group Clients from around the world

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits

We use cookies

By clicking “Accept All”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.

This group contains cookies that are necessary for our websites to work. They take part in functionalities like language preferences, traffic distribution or keeping user session. They cannot be disabled.

Cookie name
Description
SERVERID
userBranchSymbol cc 2 March 2024
test_cookie cc 25 January 2024
adobe_unique_id cc 1 March 2025
__hssc cc 8 September 2022
SESSID cc 2 March 2024
__cf_bm cc 8 September 2022
intercom-id-iojaybix cc 26 November 2024
intercom-session-iojaybix cc 8 March 2024

We use tools that let us analyze the usage of our page. Such data lets us improve the user experience of our web service.

Cookie name
Description
_gid cc 9 September 2022
_gat_UA-98728395-1 cc 8 September 2022
_gat_UA-121192761-1 cc 8 September 2022
_gcl_au cc 30 May 2024
_ga_CBPL72L2EC cc 1 March 2026
_ga cc 1 March 2026
__hstc cc 7 March 2023
__hssrc

This group of cookies is used to show you ads of topics that you are interested in. It also lets us monitor our marketing activities, it helps to measure the performance of our ads.

Cookie name
Description
MUID cc 26 March 2025
_omappvp cc 11 February 2035
_omappvs cc 1 March 2024
_uetsid cc 2 March 2024
_uetvid cc 26 March 2025
_fbp cc 30 May 2024
fr cc 7 December 2022
_ttp cc 26 March 2025
_tt_enable_cookie cc 26 March 2025
_ttp cc 26 March 2025
hubspotutk cc 7 March 2023

Cookies from this group store your preferences you gave while using the site, so that they will already be here when you visit the page after some time.

Cookie name
Description

This page uses cookies. Cookies are files stored in your browser and are used by most websites to help personalise your web experience. For more information see our Privacy Policy You can manage cookies by clicking "Settings". If you agree to our use of cookies, click "Accept all".

Change region and language
Country of residence
Language