BoJ's Himino says they expect to continue increasing rates in accordance with developments in the economic, price and financial situations
- Timing and pace of action will be considered alongside the likelihood of the baseline scenario occurring.
- Underlying inflation is approaching 2%. Recent price rise are not driven just by temporary supply shock, is a risk of underlying inflation deviating from the price target.
- Monetary policy does not target FX moves, but compared with the past, FX moves have a bigger impact on inflation due to changes in corporate behaviour.
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