Bank of Japan's Governor Ueda emphasized maintaining the current monetary policy stance, including continuing to buy the same amount of Japanese government bonds (JGBs) as before. Ueda mentioned that the central bank will consider various measures, such as past policies, if further easing is required. He also noted the importance of stable inflation and the potential need for policy adjustments if price outlook overshoots. Additionally, discussions on wage hikes, inflation targets, and the impact of currency fluctuations on the economy were highlighted during the press conference.
Japan Finmin Suzuki says monitoring FX with high sense of urgency https://t.co/zIfm5vEkwo https://t.co/AiW7HuhCCV
🔴 BOJ GOVERNOR UEDA: PROPOSALS EXIST TO REDUCE BOJ'S ETF HOLDINGS, BUT I WON'T COMMENT ON INDIVIDUAL PROPOSALS.
🔴 BOJ GOVERNOR UEDA OUTLINES PLAN TO MINIMIZE LOSSES AND MARKET DISRUPTIONS IN SELLING BOJ'S ETF HOLDINGS
#BOJ UEDA: NO CLEAR IDEA ON TIMING OF REDUCING JGB BUYING OR SCALING BACK BALANCE SHEET SIZE Translated: we will never stop printing $JPY because we cannot afford the consequences Narrator: #Japan people paying the consequences through #inflation though https://t.co/rhb8AZv5Q8
🔴 BOJ GOVERNOR UEDA SAYS BOJ WILL DEVELOP ETF HOLDING REDUCTION GUIDELINES BASED ON MARKET DEVELOPMENTS
🔴 BOJ GOVERNOR UEDA EXAMINES OPTIONS TO REDUCE ETF HOLDINGS
🔴 BOJ GOVERNOR UEDA: NO PLANS TO IMMEDIATELY SELL BOJ'S ETF HOLDINGS
🔴 BOJ GOVERNOR UEDA: NO CLEAR IDEA ON TIMING OF REDUCING JGB BUYING OR SCALING BACK BALANCE SHEET SIZE
🔴 BOJ GOVERNOR UEDA PLANS TO GRADUALLY SHRINK BALANCE SHEET AND CUT JGB PURCHASES AS STIMULUS ENDS
BoJ Gov Ueda: Preliminary Wage Negotiation Outcome Tends To Be Revised Down But Even So, We Thought Final Outcome Would Be Fairly Strong Number
🔴 BOJ GOVERNOR UEDA: SMALL FIRMS MAY STRUGGLE TO INCREASE WAGES, BUT PROFITS ARE IMPROVING FOR SMALL AND MID-SIZED COMPANIES OVERALL
🔴 BOJ GOVERNOR UEDA EXPECTS FINAL WAGE NEGOTIATION OUTCOME TO BE STRONG DESPITE POTENTIAL DOWNWARD REVISION
Just in case it wasn’t already crystal clear the #FED and the #BOJ are coordinating… Japan Chief Cabinet Secretary Hayashi: “Important For Currencies To Move In Stable Manner Reflecting Fundamentals” “Closely Watching $JPY FX Moves With A High Sense Of Urgency” https://t.co/Pl23wnPqsW
Japan Chief Cabinet Secretary Hayashi: Important For Currencies To Move In Stable Manner Reflecting Fundamentals - Closely Watching FX Moves With A High Sense Of Urgency
🔴 JAPAN CHIEF CABINET SECRETARY HAYASHI TO CLOSELY MONITOR IMPACT ON JAPANESE AND GLOBAL ECONOMY AFTER FED DECISION.
Japan watching foreign exchange moves with urgency: finance chief https://t.co/X2vQ1ypMuO
🔴 JAPAN CHIEF CABINET SECRETARY HAYASHI DECLINES TO COMMENT ON FOREX LEVELS
🔴 BOJ GOVERNOR UEDA NOTES NEGATIVE RATE AND OTHER TOOLS BOOSTED DEMAND BY PUSHING DOWN REAL INTEREST RATES BUT HAD SIDE-EFFECTS ON JGB MARKET FUNCTION
#BOJ UEDA EXPECTS NO SIGNIFICANT UPTICK IN MORTGAGE LOAN RATES OR CORPORATE BORROWING COSTS FROM LATEST DECISION Yep, because they doubled down on QE to sterilise the rate hike Narrator: total schizophrenia 🙈 https://t.co/rhb8AZv5Q8
🔴 BOJ GOVERNOR UEDA EXPECTS NO SIGNIFICANT UPTICK IN MORTGAGE LOAN RATES OR CORPORATE BORROWING COSTS FROM LATEST DECISION
BoJ Gov Ueda: Medium, Long Term Inflation Expectations Heading Toward 2% - Recent Wage Negotiation Data, Hearing On Companies Confirmed Wage-Inflation Cycle Strengthening
🔴 BOJ GOVERNOR UEDA NOTES SERVICE PRICES CONTINUE TO RISE MODERATELY DESPITE DISSIPATION OF COST-PUSH PRESSURE ON INFLATION
BoJ Gov Ueda: Inflation Target Came Within Sight - BoJ Expected To Maintain Accommodative Monetary Policy For The Time Being - Accommodative Monetary Policy Likely To Underpin Economy
Japan FinMin Suzuki: Important For Currencies To Move In Stable Manner - Closely Watching FX Moves With High Sense Of Urgency
🔴 JAPAN FINMIN SUZUKI DECLINES TO COMMENT ON CURRENCY INTERVENTION
🔴 JAPAN FINANCE MINISTER CLOSELY MONITORING CURRENCY MOVEMENTS WITH A SENSE OF URGENCY
🔴 FINANCE MINISTER OF JAPAN SUZUKI EMPHASIZES STABLE MOVEMENT OF CURRENCIES
🔴 JAPAN'S FINANCE MINISTER, SUZUKI, DECLINES TO COMMENT ON FOREX LEVELS
🔴 JAPAN'S PM KISHIDA: IN ORDER TO DECLARE THE END OF DEFLATION, WE NEED TO MAKE A COMPREHENSIVE JUDGEMENT.
🔴 JAPAN'S PM KISHIDA: WE'RE NOT THINKING ABOUT REVIEWING THE GOVERNMENT AND BOJ JOINT STATEMENT.
JAPAN PM KISHIDA: DID NOT DISCUSS CURRENCY ISSUES WITH BOJ GOVERNOR UEDA
JAPAN PM KISHIDA: NOT THINKING ABOUT REVIEWING GOVERNMENT, BOJ JOINT STATEMENT
JAPAN PM KISHIDA: BELIEVE IT'S APPROPRIATE THAT ACCOMMODATIVE MONETARY ENVIRONMENT IS MAINTAINED
🔴 BOJ'S GOVERNOR UEDA: I TOLD KISHIDA WE WILL KEEP THE EASY POLICY TO HIT THE TARGET.
BOJ GOV UEDA: DON'T HAVE PRECONCEIVED NOTION OF WHICH WOULD COME FIRST, REDUCTION OF BOND BUYING OR RATE HIKES
🔴 BOJ'S GOVERNOR UEDA: I CANNOT SAY DEFINITIVELY ABOUT THE TIMING OF REDUCING THE ETF BALANCE SHEET.
🔴 BOJ'S GOVERNOR UEDA: WE DON'T HAVE A PRECONCEIVED NOTION OF WHICH WOULD COME FIRST: REDUCTION OF BOND BUYING OR RATE HIKES.
BOJ GOV UEDA SAYS NEXT MONTH'S OUTLOOK REPORT WILL TAKE IT INTO CONSIDERATION, WHEN ASKED IF WAGE HIKES LEAD TO HIGHER UNDERLYING INFLATION, EARLY ADDITIONAL RATE HIKE
BOJ GOV UEDA: LIKELIHOOD OF ACHIEVING 2% INFLATION HAS 'FINALLY' INCREASED, WHICH LED TO THIS POLICY SHIFT
BOJ GOV UEDA: UPSIDE RISKS INCLUDE FIRMS' FORWARD-LOOKING WAGE SETTING BEHAVIOR LEADS TO OVERSHOOT IN INFLATION EXPECTATIONS
BOJ GOV UEDA: PRIVATE CONSUMPTION IS WEAK || NOT JUST SPRING WAGE TALKS BUT SOLID SERVICE PRICES, BRIGHTER CONSUMPTION OUTLOOK, IMPROVING CONSUMER CONFIDENCE, UPGRADED CAPEX LED TO CHANGE IN OUR STANCE BETWEEN JANUARY AND MARCH
🔴 BOJ'S GOVERNOR UEDA: WE WILL CONSIDER A MONETARY POLICY RESPONSE IF CURRENCIES CAUSE A BIG IMPACT ON THE ECONOMY AND PRICES.
🔴 BOJ'S GOVERNOR UEDA: WE ARE TO A MULL POLICY RESPONSE IF FX MAKES A BIG IMPACT ON OUTLOOK.
BOJ GOV UEDA: WILL CONSIDER MONETARY POLICY RESPONSE IF CURRENCIES CAUSE BIG IMPACT ON ECONOMY, PRICES
🔴 BOJ'S GOVERNOR UEDA: NO COMMENT ON SHORT-TERM CURRENCY MOVES.
BOJ GOV UEDA: NOT NECESSARILY CONFIDENT ENOUGH THAT WAGES AT SMES WILL RISE || NO COMMENT ON SHORT-TERM CURRENCY MOVES
BOJ Governor Ueda's comments at news conference https://t.co/2xcJkdrxUK https://t.co/8FLLpF9KAZ
🔴 BOJ'S GOVERNOR UEDA: WE ARE CLOSELY WATCHING WHETHER THE TREND OF BIG WAGE HIKES COULD BROADEN AMONG SMALL FIRMS.
BOJ GOV UEDA: WE CONDUCTED HEARINGS WITH COMPANIES SMALLER THAN THE ONES WE USUALLY SURVEY IN OUR TANKAN || CLOSELY WATCHING WHETHER TREND OF BIG WAGE HIKES COULD BROADEN AMONG SMALL FIRMS
BOJ GOV UEDA: DON'T THINK WE WILL SET AN UPPER LIMIT IN BOND YIELDS IN DETERMINING THE APPROPRIATE LEVEL FOR CONDUCTING MARKET OPERATIONS
BOJ GOV UEDA: NOT THINKING TELLING THE DEFINITIVE UPPER YIELD CAP TO MARKET OPERATIONS DIVISION
🔴 JAPAN'S CHIEF CABINET SECRETARY: WE EXPECT THE BOJ TO CONDUCT THE MONETARY POLICY APPROPRIATELY TO ACHIEVE 2% PRICE TARGET SUSTAINABLY AND STABLY.
🔴 BOJ'S GOVERNOR UEDA: I DON'T THINK WE WILL SET AN UPPER LIMIT IN BOND YIELDS WHEN DETERMINING THE APPROPRIATE LEVEL FOR CONDUCTING MARKET OPERATIONS.
🔴 BOJ'S GOVERNOR UEDA: WE ARE NOT THINKING OF TELLING THE DEFINITIVE UPPER YIELD CAP TO THE MARKET OPERATIONS DIVISION.
🔴 BOJ'S GOVERNOR UEDA: 'EASY MONETARY ENVIRONMENT' IS DEFINED AS THE ACTUAL INTEREST RATE BEING LOWER THAN THE NEUTRAL RATE OF INTEREST.
🔴 BOJ'S GOVERNOR UEDA: IF THE PRICE OUTLOOK OVERSHOOTS OR SHOWS POSSIBILITY OF OVERSHOOTING, THAT COULD LEAD TO CHANGE IN MONETARY POLICY.
🔴 BOJ'S GOVERNOR UEDA: BUT WE WILL NOT USE JGB BUYING OPERATIONS AND BALANCE ADJUSTMENT AS PROACTIVE MONETARY POLICY TOOLS.
🔴 JAPAN'S FINANCE MINISTER SUZUKI: WE WILL ASSESS COMPREHENSIVELY BASED ON VARIOUS INDICATORS BEFORE ANNOUNCING THE END OF DEFLATION.
🇯🇵Asked whether the BOJ might go back to easing, Ueda says will consider various measures including previous policies if such easing is necessary. $USDJPY
🔴 BOJ'S GOVERNOR UEDA: WE WILL CONSIDER REDUCING JGB BUYING AT SOME POINT IN THE FUTURE.
🔴 BOJ'S GOVERNOR UEDA: WE WILL SET SHORT-TERM INTEREST RATES JUST LIKE OTHER CENTRAL BANKS THAT USE SHORT-TERM RATES AS POLICY TOOL.
🔴 BOJ'S GOVERNOR UEDA: WE DON'T EXPECT DEPOSIT RATES AND LENDING RATES TO SPIKE FOLLOWING TODAY'S DECISION.
BOJ GOV UEDA: JUDGED SUSTAINABLE, STABLE ACHIEVEMENT OF 2% INFLATION TARGET COMES IN SIGHT
BOJ GOV UEDA: WILL CONTINUE BUYING 'BROADLY SAME AMOUNT' OF JGB BUYING AS BEFORE
🔴 BOJ'S GOVERNOR UEDA: WE WILL CONTINUE BUYING BROADLY THE SAME AMOUNT OF JGB BUYING AS BEFORE.
BOJ GOV UEDA: CONFIRMED VIRTUOUS CYCLE OF WAGES, PRICES || MASSIVE MONETARY EASING SUCH AS YIELD CURVE CONTROL, NEGATIVE RATES FULFILLED ROLES || ACCOMMODATIVE FINANCIAL CONDITIONS WILL BE MAINTAINED FOR THE TIME BEING
🔴 BOJ'S GOVERNOR UEDA: POLICY FRAMEWORK OF QQE WITH YIELD CURVE CONTROL, NEGATIVE RATES FULFILLED ROLES.