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26 Feb 2015
Conflicting views on BoJ’s inflation mandate – TradeTheNews
FXStreet (Barcelona) - The TradeTheNews Team shares that recent comments related to inflation target and easing from Japanese PM’s aide Hamada, BoJ member Ishida and Gov Kuroda present a conflicting outlook.
Key Quotes
“USD/JPY briefly regained the 119 handle, but overall continues to trade in a sideways pattern below 120.”
“PM Abe's advisor Hamada has reiterated the BOJ needs to switch to inflation gauge that strips out energy and possibly extend the timeframe for achieving the 2% target to 3 years.”
“BOJ Gov Kuroda continued to defend his position that inflation will still reach the 2% target in the intended period of FY15/16, though the central bank would be prepared to respond with measures if necessary.”
“BOJ board member Ishida was somewhat critical of that sentiment, noting policy should not be altered only to make sure that inflation hits its mark within a certain time frame.”
Key Quotes
“USD/JPY briefly regained the 119 handle, but overall continues to trade in a sideways pattern below 120.”
“PM Abe's advisor Hamada has reiterated the BOJ needs to switch to inflation gauge that strips out energy and possibly extend the timeframe for achieving the 2% target to 3 years.”
“BOJ Gov Kuroda continued to defend his position that inflation will still reach the 2% target in the intended period of FY15/16, though the central bank would be prepared to respond with measures if necessary.”
“BOJ board member Ishida was somewhat critical of that sentiment, noting policy should not be altered only to make sure that inflation hits its mark within a certain time frame.”