BoJ's Masu says he does not think the BoJ is behind the curve and need to monitor the impact of FX on inflation
Importance
Level 1
- Timing of rate hikes to neutral is not predetermined.
- Not suggesting food price moves need immediate action.
- Watching food inflation beyond rice prices.
- Policy should be carefully guided to keep underlying inflation around 2%.
- True that Japan's negative real interest rate is likely behind rises in property prices.
- Past pace of rate hikes will not be any guide to the future pace of hikes.
#JAPAN#JPY#ASIA#BOJ#IMPORTANT#FIXED INCOME#METALS#ASIAN SESSION#CENTRAL BANK#INFLATION#COMMODITIES#GOLD#METALS & MINING#MATERIALS (GROUP)