BOJ's Tamura says inflation is on track, somewhat stronger than expeted
Recap:
In a speech delivered to business leaders in Fukushima, Tamura said underlying inflation had been progressing steadily toward the BOJ’s 2% target and was tracking slightly above expectations before U.S. President Donald Trump’s announcement of broad reciprocal tariffs in April.
good possibility our price stability target will be achieved earlier than expectedsuggesting the BOJ may need to act even if economic uncertainty remains elevatedsais that when the likelihood of achieving our target increases, or when upside risks grow, we may face a situation where we should act decisively
The BOJ ended its ultra-easy monetary policy last year and raised rates to 0.5% in January, but the recent tariff shock has prompted the central bank to downgrade growth forecasts and tread more carefully on future hikes.
USD/JPY dribbled a little lower on his speech:
This article was written by Eamonn Sheridan at www.forexlive.com. Read More Details
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