Hawkish headline comment from Bank of Japan Governor Ueda
concerns about slowing US economy caused recent market routclosely watching market moves with a sense of urgency as uncertainties remaindomestic and overseas markets remain unstabledecided to raise rates in July due to risk of price overshoot driven by import costseconomy is moving in line with price target protectionsimportant to communicate with the public on BOJ’s thinkingThe Bank of Japan July rate hike decision was based on our inflation forecast and the risk of an inflation overshoot
more to come
This article was written by Eamonn Sheridan at www.forexlive.com.
