Created
: 2024.04.26
- English
- English
- What's Myforex
- Share
- Use tools
- Get information
- What's New
- Help center
- About us
- Customer support
- Terms and policies
-
-
PortfolioShare your portfolio and performance in real time -
Events & contestsEvents and contests held by retail brokers around the world
-
-
Real-time spread comparisonCompare spreads of major retail brokers in real time -
Volatility analysisVisualize volatility as a measure of daily market activity -
Swap point comparisonCompare buy and sell swap values for each broker by symbol -
Market rates & chartsCheck prices for all instruments offered by each broker -
IndicatorsProviding in-house developed indicators for MT4/MT5 -
Trading calculatorsCalculation tools for each broker to help you trade
-
-
World FX newsLatest news on forex and cryptocurrencies from around the world -
Broker informationTrading information of retail brokers worldwide -
MetaTrader4/5 user guideUser guide collection for the latest MetaTrader4/5 -
Economic calendarRelease calendar for indicators from official sources of major economies
BoJ's Ueda: Easy financial conditions will be maintained for the time being
World FX news
Breaking news
BoJ's Ueda: Easy financial conditions will be maintained for the time being
New
2024.04.26 15:38
2024.04.26 15:38
2024.04.26 15:38
Speaking at the post-policy meeting press conference on Friday, Bank of Japan (BoJ) Governor Kazuo Ueda said that the Bank "will adjust the degree of monetary easing if underlying inflation rate rises," adding that "easy financial conditions will be maintained for the time being."
The BoJ kept the interest rate on hold at 0% following the April meeting.
Additional quotes
Japan's economy has recovered moderately, although some weakness has been seen.
Must pay due attention to financial, FX market moves, impact on Japan's economy, prices.
Monetary policy conduct depends on future economic, price, financial conditions.
more to come ....
Market reaction
USD/JPY rises back to test 156.00 following these comments. The pair was last seen 0.25% higher on the day at 156.03.
Bank of Japan FAQs
The Bank of Japan (BoJ) is the Japanese central bank, which sets monetary policy in the country. Its mandate is to issue banknotes and carry out currency and monetary control to ensure price stability, which means an inflation target of around 2%.
The Bank of Japan has embarked in an ultra-loose monetary policy since 2013 in order to stimulate the economy and fuel inflation amid a low-inflationary environment. The bank's policy is based on Quantitative and Qualitative Easing (QQE), or printing notes to buy assets such as government or corporate bonds to provide liquidity. In 2016, the bank doubled down on its strategy and further loosened policy by first introducing negative interest rates and then directly controlling the yield of its 10-year government bonds.
The Bank's massive stimulus has caused the Yen to depreciate against its main currency peers. This process has exacerbated more recently due to an increasing policy divergence between the Bank of Japan and other main central banks, which have opted to increase interest rates sharply to fight decades-high levels of inflation. The BoJ's policy of holding down rates has led to a widening differential with other currencies, dragging down the value of the Yen.
A weaker Yen and the spike in global energy prices have led to an increase in Japanese inflation, which has exceeded the BoJ's 2% target. Still, the Bank judges that the sustainable and stable achievement of the 2% target has not yet come in sight, so any sudden change in the current policy looks unlikely.
Last updated
: 2024.04.26
Related articles
US Dollar trades steady after sharp retreat seen last week
4 minutes agoEUR/GBP Price Analysis: Continues oscillating within a range - currently falling
4 minutes agoNatural Gas holds above $2.25 as tensions in Gaza keep markets on edge
49 minutes agoAUD/USD climbs after US data, RBA down the track
2024.05.06 19:29EUR/USD trades sideways amid steady US Dollar despite firm Fed rate cut bets
2024.05.06 19:13AUD/JPY surges to near 102.00 due to hawkish RBA ahead of policy decision
2024.05.06 18:09
FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.
Was this article helpful?
We hope you find this article useful. Any comments or suggestions will be greatly appreciated.
We are also looking for writers with extensive experience in forex and crypto to join us.
please contact us at [email protected].
Thank you for your feedback.
Thank you for your feedback.
Most viewed
US Dollar trades steady after sharp retreat seen last week
The US Dollar (USD) is giving traders some room to digest the recent headlines that came in after the turmoil in Friday's trading. The US Jobs Reports missed estimates, although the data was not bad either
New
2024.05.06 20:30EUR/GBP Price Analysis: Continues oscillating within a range - currently falling
EUR/GBP price is trading in the 0.8560s, in the middle of a multi-month range on Monday.
New
2024.05.06 20:29Natural Gas holds above $2.25 as tensions in Gaza keep markets on edge
Natural Gas (XNG/USD) trades broadly steady on Monday after the rally seen on Friday, when prices escalated to the highest level in more than three months.
New
2024.05.06 19:45AUD/USD climbs after US data, RBA down the track
AUD/USD trades higher on Monday, up by a quarter of a percent in the 0.6620s, propelled mainly by a depreciation of the US Dollar (USD) after the release of weaker-than-expected US data at the end of last week.
New
2024.05.06 19:29Silver Price Forecast: XAG/USD extends recovery to $27 as weak US data reinforces Fed rate cut bets
Silver price (XAG/USD) stretches recovery to $27.20 in Monday's European session.
New
2024.05.06 19:29EUR/USD trades sideways amid steady US Dollar despite firm Fed rate cut bets
EUR/USD strives for a direction, trading sideways around 1.0770 in Monday's European session.
New
2024.05.06 19:13Gold rises as markets eye lower interest rates, higher Chinese demand
The Gold price (XAU/USD) is trading up by almost a percent, in the $2,320s on Monday, as markets weigh the implications of weaker-than-expected US jobs data on interest rates - a key driver of Gold price - and economic data from China, a major market for Gold, stays in expansive territory.
New
2024.05.06 18:35AUD/JPY surges to near 102.00 due to hawkish RBA ahead of policy decision
AUD/JPY continues to gain ground, trading around 101.90 during the European trading hours on Monday, buoyed by a hawkish sentiment surrounding the Reserve Bank of Australia (RBA).
New
2024.05.06 18:09Mexican Peso trades higher on positive market mood, robust Mexican data
The Mexican Peso (MXN) trades marginally higher on Monday, supported by a rise in risk appetite after lower-than-expected US jobs' data raised hopes the Federal Reserve (Fed) will move to cut interest rates, reducing borrowing costs for businesses and consumers.
New
2024.05.06 17:36USD/CHF hovers around 0.9050 ahead of SNB Chairman Jordan's speech
USD/CHF continues its losing streak for the fourth successive day on Monday, trading around 0.9050 during the European hours.
New
2024.05.06 17:33Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy
