Reuters reports that ”Bank of Japan Governor Haruhiko Kuroda said on Monday that the central bank was closely monitoring the impact of currency movements on the economy, warning of “very high uncertainty” about the outlook due to rising raw material prices”
“We will not hesitate to take additional monetary easing measures if necessary” in the face of risk, Kuroda said in a speech to a quarterly meeting of the central bank’s branch managers. Kuroda also reiterated the BOJ’s policy guidance that the bank expects in the near term. and targets for long-term interest rates to “move at current or lower levels.”
The Japanese economy is showing some signs of weakness, but is picking up as a trend.
The Japanese economy is likely to recover as a result of Covid-19, supply constraints are easing.
Japan’s core consumer inflation is hovering around 2%.
The uncertainty about the Japanese economy is very great.
Japan’s financial system as a whole stable.
Must be vigilant about the impact of financial movements, foreign exchange market movements and their impact on the Japanese economy, prices.
BoJ will maintain a very accommodative policy to achieve the inflation target of 2% stable.
BoJ stands ready to further relax policy if necessary without hesitation.
Japanese consumer inflation likely to accelerate pace of increase.
Japan’s financial conditions are generally easing.
expects short- and long-term key rate targets to remain at current or lower levels.