Bank of Japan Governor Ueda
- US tariffs likely to exert downward pressure on Japan, global economies
- Hard to say now how US tariffs will affect Japan’s price moves
- Will closely monitor US tariff impact on Japan, overseas economic and price developments in deciding monetary policy
- We will scrutinise data, including from hearings, available at the time of each policy meeting to gauge US tariff impact on Japan’s economy, prices
- We will guide monetary policy appropriatlye from standpoint of sustainably achieving 2% inflation target
- When external environment changes sharply, our growth and price forecasts will change, so will guide monetary policy accordingly in appropriate manner
This article was written by Eamonn Sheridan at www.forexlive.com.
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