Bank of Japan Governor Ueda is appearing in the Japanese parliament:
Japanese economy modestly recovering despite some weakness seenCorporate profits are improving, with business sentiment solidAs slowdown in overseas economy pressuring corporate profits, pace of economic growth expected to slow downImport prices pushing up inflation are expected to waneUncertainties over overseas trade policies and economic, price situations remain extremely highWill continue to raise interest rates if economy, price move in line with forecastsWill conduct monetary policy appropriately depending on price, economic developments to achieve 2% target in a stable and sustainable mannerImportant to make judgment without any preset ideasmore to come
Nothing surprising from Ueda so far.
This article was written by Eamonn Sheridan at www.forexlive.com. Read More Details
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